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A comment on Theranos Low on Cash After Settlement with Walgreens. Parent comment

Re:Theranos Low on Cash After Settlement with Walgreens by jzebedee on Wednesday August 02, 2017 @01:38PM (#14912810)
I don't think equating LTCM with fraud is exactly right. They used an incredibly risky strategy and had their leverage blow up in a black swan event. A failure, but not fraud.
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Re:Theranos Low on Cash After Settlement with Walgreens by unknown_apostle on Wednesday August 02, 2017 @02:07PM (#14913098)
No you're right, it's fundamentally wrong to compare Meriwether with Corzine. But my kneejerk response was to the "entrust your money".
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Re:Theranos Low on Cash After Settlement with Walgreens by btilly on Wednesday August 02, 2017 @02:05PM (#14913083)
A black swan event caused by the phenomena that previously uncorrelated financial indicators temporarily become correlated under stress.

A few months after they blew up, their portfolio was profitable again.

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