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To be more specific - investors often do not do their own homework, and assume that some other hardworking soul has. See e.g. Theranos for a glaring example of
by azernik 10y ago
To be more specific - investors often do not do their own homework, and assume that some other hardworking soul has. See e.g. Theranos for a glaring example of this.
- doingmyting 10y agoI agree with the statement but not the example. Theranos actively deceived its investors and lied about it's business. This is wholly different than a company that is obviously not doing well but you didn't bother to vet.
- jolux 10y agoClassic bystander effect, really.