This is why J.C. Penney, J. Crew and Neiman Marcus going bankrupt matters

“You only find out who is swimming naked when the tide goes out,” Warren Buffett famously wrote in the 2001 Berkshire Hathaway annual report.  Right now we’re starting to see some bashful bathers. One huge consequence of the coronavirus is a culling of the economy. A slew of weak companies could perish, particularly in sectors […]