[ExI] new yellow flag

[spike at rainier66.com]

A powerful senator asked for leniency for Theranos fraudster Elizabeth
Holmes.  She defrauded billions from investors but the good senator assured
the judge that she was a thoughtful philanthropic individual seeking to make
the world a better place.  Hmmm, that sounds familiar, where else did we
hear that last week?  Oh right, Sam Bankman-Fried was also a philanthropic
individual, skilled at retail politics and so on.  OK then, we see a clear
pattern here.  

 

When any charismatic CEO starts going on about wanting to save the world,
that CEO wants to liberate your money thru the expediency of buying the
loyalty of politicians, making their personal bank balance a better place.

 

Conspicuous altruism has now become the new yellow flag for investors, or
perhaps for those of us who are now living and observant, it becomes the new
orange flag.

 

spike

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20221121/4894cd83/attachment.htm>