Holmes, Uncle Clunk, and and Epic Con Job: How American Business Apparently Sometimes Works

Guest Post by Fred Reed

OK, book report time. I have just finished reading Bad Blood, by  John Carreyrou of the Wall Street Journal. Good read, fascinating story. It is the saga of Elizabeth Holmes, founder of Theranos, the miraculous blood-testing company of Silicon Valley. Holmes, formerly said to be worth 4.5 billion, ended up under criminal indictment for fraud as of 2015. I suppose many have heard vaguely of Theranos, as I  had, but the actual story is astonishing.

Holmes, 19, drops out of Stanford to start a medical-instrumentation company. She is very smart, very driven, very self-confident, very glib, very cold-blooded, very manipulative, very willing to take risks, very pretty, and very ruthless. Everything about her is very. If the foregoing resembles the clinical description of a psychopath, there is a reason.

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