What is ' the accountants sold out'? Munger surmised that the whole thing is a Mad Hatter’s Tea Party and that the accountants sold out. Munger is criticizing the use of derivatives. What does 'the a

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What is ' the accountants sold out'? Munger surmised that the whole thing is a Mad Hatter’s Tea Party and that the accountants sold out. Munger is criticizing the use of derivatives. What does 'the accountants sold out' mean?

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to sell out: to betray (an associate, one's country, a cause, etc.); turn traitor: He committed suicide rather than sell out to the enemy. https://www.dictionary.com/browse/sell--out

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