Two kinds of truths

Just a few years before I wrote this, WeWork was valued at $47 billion and raised $1.5 billion in cash. That’s a whopping amount of cash; to put it into perspective, several years before that, Meta had acquired Instagram for $1 billion.  Yesterday, WeWork declared bankruptcy. In The Snowball, Alice Schroeder writes, “[Benjamin] Graham used … Continue reading Two kinds of truths