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…
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…
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.
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…
Note: WSJ is the source for the Mosely data:

wsj.com/articles/what-…
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...

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More from @ritholtz

20 Dec 21
“It will be over my dead body that I’ll have to get a shot” -Sarah Palin, offering her thoughts on the coronavirus vaccine at a far-right conference in Arizona over the weekend.

washingtonpost.com/opinions/2021/…
Frankenstein's monster is no longer under the doctor's control

bloomberg.com/news/articles/…
Read 5 tweets
10 Nov 21
General Electric is ending a century as a massive conglomerate by splitting into 3 parts.

It is front-page news. Lots of events led to this, but you may not be familiar with some of the more nefarious issues that caused GE to stumble, then collapse.

A thread.

1/
Its history:

The company was a household name practically since it was founded by Thomas Edison in the 19th century. It was a key member of all major indices, including the Dow Jones Industrials

bloomberg.com/graphics/2019-…
2/
GE began the 21st century as the most valuable conglomerate in America. The architect of this success was Jack Welch, often described as the best CEO of the 20th century.

I suspect he wasn't.

wsj.com/articles/the-e…

3/
Read 14 tweets
8 Nov 21
A few lists to help you organize your feed:

I find lists enormously helpful when using Twitter --instead of trying to drink from the firehose, dipping into a curated list makes the onslaught manageable.

1/
When I am interested in a narrow specific topic, I try to assemble the leading thinkers in a space that allows me to dive in when I want to.

This list of Behavioral Finance experts is a great example:
twitter.com/i/lists/132270…

2/
I made a broader list covering Science, Technology, and Venture Capitalists.

I asked followers for more names and got some great suggestions!

twitter.com/i/lists/132273…

3/
Read 4 tweets
3 Nov 21
Stagflation? Really?!

A brief chart-laden thread

1/
Each day, I read tons of economic + market commentary. Some of it is good, some not so good, and some just awful.

The most harebrained of these is the claim that we are entering a 1970s-like era of stagflation.

Why? Because the data says otherwise.

ritholtz.com/2021/11/stagfl…
2/
Consider these 10 different economic factors to prove/disprove the claim:

Misery Index
Unemployment (U3)
Inflation (CPI)
Real Wages
Productivity
QUITs Rate
Business Formation
Sentiment
Confidence in Institutions
Civil Unrest

9/10 were dissimilar between 2020 + 1970s

3/
Read 12 tweets
18 Sep 21
Meet Harper!

He is a 15 week old puppy. We brought him up from NC to see if we could find him a good home.

He is a very good boy.

Weighs about 30 pounds (but has some big old paws) Very sweet, good with other dogs, needs a loving home.

Please contact me if interested
A sweetie!
He is tough to photograph but this captures his face
Read 4 tweets
8 Sep 21
‘Pandemic of the Unvaccinated’
bloomberg.com/graphics/covid… Image
Three-quarters of U.S. adults have received at least one dose of a Covid-19 vaccine, setting a new milestone in the country’s fight against the pandemic.

Why do the other 25% risk getting very sick, hospitalized or dying? MISINFORMATION

bloomberg.com/news/articles/…
"One out of every four COVID-19 infections recorded by the state in the most recent seven-day period were 19 or younger."

tampabay.com/news/health/20…
Read 34 tweets

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