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My brother who is a pre-med student was able to figure out that Theranos was full of it without any special access way before the media broke the story. When S
by rjkennedy98 8y ago
My brother who is a pre-med student was able to figure out that Theranos was full of it without any special access way before the media broke the story.
When Stanford Professor John Ioannidis refuses to join your board because he refuses to give your product credibility that is a HUGE red flag.
- twoodfin 8y agoIt's unfortunate that your brother and others couldn't publicly trade on this knowledge. That simultaneously would have made a ton of money and disseminated through the market the valuable information that folks were betting megabucks that Theranos was full of it, limiting their fraudulent climb into the stratosphere. This is a long way of saying that we may have created too many disincentives for large companies to IPO.
- Ibai0tha 8y agoOr prediction markets that investors could use as a second opinion to get a corrective input on their own views. If you invest 100M you might as well throw another 10k at a prediction market if you're confident in yours and there are naysayers who would bet against you.
- buttcoinslol 8y agoThese are called financial derivatives.
- vkou 8y agoEven if you know that a company is a pure scam, the market can remain irrational longer then you can cover your short.