Man Behind Noble Group's Collapse Claims 'Bad Companies Have to Die'

The video discusses the rise and fall of Noble, a major commodities trading firm in Asia, whose market cap plummeted from $18 billion to nearly zero due to accounting fraud. Arnold Wagner, the whistleblower, exposed the fraud, aided by journalists Javier Blas and Andy Hoffman. Despite suspicions, Wagner claims he did not short Noble's stock but did short others to cover legal costs. The story is compelling enough to inspire a movie.

What was the peak market cap of Noble before its decline?

• $30 billion

• $25 billion

• $18 billion

• $10 billion

Who was the key figure in revealing the accounting fraud at Noble?

• Andy Hoffman

• Javier Blas

• John Doe

• Arnold Wagner

Since when have Javier Blas and Andy Hoffman been tracking the Noble story?

• 2010

• 2012

• 2015

• 2018

What financial strategy is often associated with profiting from a company's decline?

• Purchasing commodities

• Buying stocks

• Shorting stocks

• Investing in bonds

How did Arnold Wagner reportedly cover his legal fees?

• By shorting other stocks

• By taking a loan

• By shorting Noble's stock

• By selling commodities