#85 Bethany McLean: Crafting a Narrative
The Knowledge Project with Shane Parrish
Investor Illusions: Lessons from Valiant and Enron
This chapter explores the stark contrasts in investment dynamics between Valiant Pharmaceuticals and Enron, revealing how even seasoned investors were lured by persuasive narratives and charismatic leaders. It reflects on the consequences of collective belief and the ethical pitfalls in investment practices, particularly in light of Valiant's dramatic fall from grace.
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