Is this a case of terrible asset management or an organization that didn't win when they went all in?

The management of the Vegas Golden Knights has been under major scrutiny as of late for several incidents.
Trading Marc-Andre Fleury and Max Pacioretty for next to nothing and reports of NHL players avoiding going to Vegas because of the management, to name a few.

Now, a recent post by NHL Benchside showed the absurd amount of money that the Golden Knights have traded away since 2020, and they've only been in the league since 2017.