Student or Learner
Warren Buffett once said, "It's only when the tide goes out that you realize who has been swimming naked." Well, it's ebb tide for the global economy, and high-flying companies are being caught in the buff."
What is the meaning of the words in bold?
The economic tide has gone out, and we can now see which companies have been swimming naked - that is, operating without sufficient capital, not keeping proper records, paying for things using ever-increasing unsustainable debt levels and the like.