> Investors are professional bullshit detectors.
Are they though? It's hard to believe that after Theranos, Nikola, Solar roadways, crypto scams, WeWork, Juicero, etc.
Are they though? It's hard to believe that after Theranos, Nikola, Solar roadways, crypto scams, WeWork, Juicero, etc.
I do believe that investors are pro bullshit detectors. You mentioned some great misses but even Steph Curry misses open threes every once in a while and he's a professional 3-point shooter.
I agree that some of these folks half-addled. The Theranos gang of Schultz, Mattis, Kissinger should be no more listened to than the drunk at the end of the bar. Late-stage capitalism gives you creatures like David Boies.
To be fair a real scam has serious panache. I'd have to put the Pixelon corporate party at the very top of the list.