Project LinX: Theranos The Harbinger

The Theranos scam looks like the Enron scam. Both are black box scams. There are inputs and outputs, but how inputs become outputs is obscured. The perfect black box is one in which what's obscured generates faith instead of suspicion.

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The Road From Enron To The Financial Crisis

I re-read "Is Enron Overpriced" every now and then because McLean is a very fine writer with a clear, effortless voice and a flare for weaving facts into a compelling narrative. And because ours is a world in which many emperors wear no clothes but can convince us they’re robed in the finest silks. Also because there will always another Enron out there, lurking just beyond our unexamined assumptions and our greed.