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It'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 thr
by twoodfin 8y ago
It'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.