Meanwhile in the Theranos thread next door… “What just amazed me is how gullible all the investors were, and how they didn't do due diligence, hire outside experts, or anything. Weird.” Financial professionals do dumb things, sometimes
en masse, and I think there are still some opportunities to make money if you have a good nose for BS/mass delusions.
However, the problem with this strategy is, as Keynes put it: “The market can stay irrational longer than you can stay solvent.”
