Whitney Tilson: “It is quite rare to see one of the 10 largest stocks in the…”

“Yeah, but so is there an equivalent today? And how often do these situations occur? They can't be too frequent, right? Or are they? I don't know. It is quite rare to see one of the 10 largest stocks in the world by market capitalization decline by 80%. That just doesn't happen very often. Particularly when it happened over a period of just over a year. It happened very rapidly absent a complete market meltdown.” (10:17–10:26)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.