Fraud is never a good or acceptable thing. Society is always harmed even if tough to pinpoint a direct harm. But what plank did with the biz cards is not fraud. It’s negotiating. It’s no different than saying to a counter party “ah jeez I dont think the board would agree to that”
The point isn't that the CEO won't try to cheat you. There are a couple ways I can think of to make money on frauds. If you buy early in the hype cycle you can ride it for ages before it's exposed, and sometimes fraud creates real business value, for example with Swedish Match.
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Possible. But the assumption that I can time getting in and out of dodgy investments often enough to make an investment process out of it, is for me hubris. I like optionality but sometimes ppl think they buy a call, while they are getting a call spread and overpay.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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