Ben Gilbert: recommendation

Transcript context

…I don't know enough about the energy industry to say whether the innovations in financialization, securitization, creating energy derivatives, whether the existence of all that and Enron and its principles being highly responsible for creating them, whether that generated enough value to offset the massive value destruction of Enron, the company. Maybe. I'm not equipped to say. I don't know. That actually is how I want to close the episode instead of grading, because what are we going to do? Give an F? The other thing that we've done recently is talk about forward looking narratives, but that doesn't exist here, either. I think an interesting way to close this is by describing, what were the activities that they did that were legitimate, interesting business, value created for customers? And what was the illegitimate stuff they did? I think it does end at pipelines being good for customers and the creation of a market. Let's be generous, both the market to buy natural gas at a real time price and also the ability to use a derivatives market to hedge those prices so businesses could do forecasting. I think that's probably where the line ends on good for the world things. What about that Blockbuster video on demand deal?…

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