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"Rich people" can also afford time / money / labor costs to do independent due diligence to confirm if a company's finances are true and correct, or an elaborat
by NortySpock 5y ago
"Rich people" can also afford time / money / labor costs to do independent due diligence to confirm if a company's finances are true and correct, or an elaborate sham.
- JakeTheAndroid 5y agoYet WeWork happened still. And tons of investors get screwed by scams or companies completely lying. Makeup company Coty couldn't verify Kylie Jenners companies earning and once they audited it they found out that it wasn't making nearly as much as they thought. So it's not like its uncommon for investors to get taken for a ride. Why should we then treat them differently than lower income investors?