Fomo turns to Oh No. . . Why following the crowd is a bad investment strategy – The Times


A The meme has been making the rounds on Twitter this week. It featured six headshots with the caption: “Name this venture.”

The images were of Sam Bankman-Fried, founder of FTX, the collapsed crypto exchange; Caroline Ellison, his on-again, off-again girlfriend, who ran his Alameda trading business; Elizabeth Holmes, convicted of Theranos fraud; Simon Leviev, the Tinder scammer, who swindled his lovers out of their money; Anna Delvey, a Russian-born con artist; and Martin Shkreli, a convicted fraudster.

Suggestions included “Due Dil What?”, “Extradition Capital”, “The Swindlers’ Fund” and “Oops, I ventured again”. While no fund has put cash into this entire cast of discredited characters, serious investors recouped half of it.

On Friday evening, Holmes sentenced the Theranos to 11 years in prison

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