No. But I think you* are guilty of affirming the consequent. If something is false, then it will end in bankruptcy—but that does not logically imply that everything ending in bankruptcy was false. So something true could still end in bankruptcy (for whatever reason, like a liquidity crunch).
* Or Carlyle, I suppose, but given the choice between accusing a famous thinker of an elementary fallacy and a quick off-the-cuff Internet comment, I’d rather accuse the latter.
No. But I think you* are guilty of affirming the consequent. If something is false, then it will end in bankruptcy—but that does not logically imply that everything ending in bankruptcy was false. So something true could still end in bankruptcy (for whatever reason, like a liquidity crunch).
* Or Carlyle, I suppose, but given the choice between accusing a famous thinker of an elementary fallacy and a quick off-the-cuff Internet comment, I’d rather accuse the latter.