3 ms·
WeWork – how did anyone fall for this bullshit?
- bell-cot 3y agoFirst reaction: https://en.wiktionary.org/wiki/nobody_ever_went_broke_underestimating_the_intelligence_of_the_American_people https://en.wiktionary.org/wiki/nobody_ever_went_broke_undere... Second reaction: The "rich and sophisticated investor" is a mythical creature. Many investors believe in it, or want to believe in it. And many want to imagine that they are (or will soon be) just such a mythical creature. It is also a myth heavily promoted by the investor-fleecing industry.