Quote:
Originally Posted by Locke
Its amazing how much of our Western Economy is built on a house of cards.
Scam after scam, Theranos and FTX et al are basically just buying into cults of personality.
You dont have to be good at what you do...."as long as you believe it...its not a lie!"
|
Theranos and FTX are good points because you have to start to ask yourself how razor thin the line is between “scam” and “success.” Does Elon seem any more intelligent, capable, or honest than Elizabeth Holmes of Theranos? I might be inclined to believe he’s less so, but he got lucky buying into things that (mostly) work and (mostly) don’t endanger people. He makes the same empty promises, massive mistakes, and misses deadlines all the same. Like Holmes, he has a severe knowledge/confidence imbalance.
I don’t think the distance between companies like Tesla and companies like Theranos are very far at all.