Guilty! If you want to understand the epic rise & fall of Elizabeth Holmes of Theranos, read @JohnCarreyrou's Bad Blood.
And if you only have 90 minutes, check out our pod with the author on what he went through to reveal the Silicon Valley fraud.
ritholtz.com/2018/07/mib-jo…
And if you only have 90 minutes, check out our pod with the author on what he went through to reveal the Silicon Valley fraud.
ritholtz.com/2018/07/mib-jo…
The descriptions of Holmes' enablers are chilling: Most notable was the behavior of famed super lawyer David Boies.
The book explains how his law firm received millions in Theranos stock + led to aggressive and questionable counsel.
amazon.com/exec/obidos/AS…
The book explains how his law firm received millions in Theranos stock + led to aggressive and questionable counsel.
amazon.com/exec/obidos/AS…
No one came out of this with their reputations intact, except @JohnCarreyrou, a 2X Pulitzer Prize who revealed the full extent of the Theranos fraud in the WSJ
Dunning Kruger, lawyer edition:
Daniel Mosley, T&E attorney for Cravath, Swaine & Moore, led firm's wealthiest families to become Theranos’s largest investors: Walton, DeVos, Cox, Dracopoulos.
More than $380 million went into Theranos from CS&M group, incl Mosley’s own $6m.
Daniel Mosley, T&E attorney for Cravath, Swaine & Moore, led firm's wealthiest families to become Theranos’s largest investors: Walton, DeVos, Cox, Dracopoulos.
More than $380 million went into Theranos from CS&M group, incl Mosley’s own $6m.
When I first read Bad Blood, I was struck by how many red flags there were, including so many unqualified employees at the start-up. These were ignored by its see + VC investors.
Many, many lessons to be learned here
ritholtz.com/2018/05/bad-bl…
Many, many lessons to be learned here
ritholtz.com/2018/05/bad-bl…
The detail @JohnCarreyrou goes into about David Boies is amazing.
His involvement with Theranos damaged his reputation -- he was once America's greatest litigator but the book makes him look like just another ethically compromised lawyer.
And that's before Harvey Weinstein...
His involvement with Theranos damaged his reputation -- he was once America's greatest litigator but the book makes him look like just another ethically compromised lawyer.
And that's before Harvey Weinstein...
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