In the zero-interest and ultra-speculative environment of 2020 and 2021, hundreds upon hundreds of special purpose acquisition companies, or SPACs, scrambled to find private businesses to bring to the public markets. Not shockingly, it didn't end well in many cases, especially after the Fed Reserve's zero-interest rate policy came to an end. However, smart investors learn valuable lessons from situations like these, and in this video, two of our longtime contributors discuss what they learned.
*Stock prices used were the morning prices of Aug. 21, 2024. The video was published on Aug. 22, 2024.
