Sick and rereading Lying for Money, and chapters 5 and 6 (Cooked Books and Control Fraud) are hilarious in a “I feel guilty about how many lives that are going to be ruined but this is a comedic sentence” sort of way. Not about cryptocurrency... not not about cryptocurrency.
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“The snowball property of growing companies means that if you are extracting cash fraudulently, you usually need to be growing the fake earnings at a higher rate. So people who are correctly identifying frauds can often look like they are jealously attacking success.”
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Which book is this?
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Lying for Money, Dan Davies.
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Sounds like the Hong Kong stock market.
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Simply mayo?
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You might also enjoy "Billion Dollar Whale" by Tom Wright about 1MDB.
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Reminds me of the time my company purchased about $25mm worth of routers from lucent, on the condition they buy $25mm worth of our LDAP servers. Just a month or so before we sold our company to AOL/Sun for $4B and all the parties sales into the sunset, rich as could be.
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