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I have to agree. It's not that he 'failed' in many respects he was wildly successful. You can do a whole lot of things right but if their is something rotten a
by dia80 13y ago
I have to agree. It's not that he 'failed' in many respects he was wildly successful.
You can do a whole lot of things right but if their is something rotten at the core that undermines everything.
Groupon was rotten. The accounting was shady [1], in my view inexcusable so. I profited handsomely from shorting it, they sold the market what can only be described as a lie. The smoking guns were lying all over the place. Maybe if you tell yourself something loud enough often enough you can come to believe it, that doesn't make it true / right.
[1] http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/742 http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/742