It’s Always Stock O’Clock
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 5 February 2019
⏱️ 26 minutes
🧾️ Download transcript
Summary
Alison is taking you to fraud school with lessons from Theranos and the Fyre Festival and Bro explains why everyone should own stocks, even in retirement.
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Transcript
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| 0:00.0 | Thanks to LinkedIn for supporting Motleyful answers. Find the right people for your business this year at LinkedIn.com slash fool and get $50 off your first job post. That's LinkedIn.com slash fool. Terms and conditions apply. |
| 0:15.5 | This is Motleyful Answers. I'm Allison Southwick and I'm joined as always by Robert Brokamp, personal finance expert here |
| 0:21.2 | at The Motley Fool. Hello everybody. In this week's episode, we're going to talk about why |
| 0:25.3 | you should always own stocks even in retirement. And I'm taking you to school, fraud school. |
| 0:31.7 | All that and more on this week's episode of Motleyful Answers. So what's up, Allison? |
| 0:40.4 | It's going to see how long I could just stare at you until you remembered that was the one thing you need to say for the next six minutes. |
| 0:46.9 | Well, bro, I've been surrounded by fraud lately. |
| 0:51.0 | Both Netflix and Hulu have released documentaries about the Fire Festival and there's a new |
| 0:54.9 | podcast out called The Dropout and it's all about Elizabeth Holmes and Theranos, so I've got |
| 0:58.8 | fraud on my mind. It occurred to me that while both of these frauds are different, they're also |
| 1:03.5 | very similar and there are some lessons to be learned so that you at home can commit your very |
| 1:08.2 | own fraud or identify fraud when you're faced with it at work or life. |
| 1:13.4 | So today I'm going to offer five lessons for committing fraud from the Elizabeth Holmes and Billy McFarland School for Deceptive Leadership. |
| 1:19.7 | How exciting. |
| 1:20.6 | I know. |
| 1:21.8 | So I talked about Theranos and Elizabeth Holmes in an earlier episode, and you probably already know the gist, but basically, |
| 1:32.2 | Elizabeth Holmes lied about inventing a device that could test for many medical conditions using just a pinprick of blood. |
| 1:34.3 | She took in millions, hundreds of millions, from VC investors, lied for over a decade that |
| 1:39.3 | the technology existed when, in fact, it did not. |
| 1:42.5 | And then here's the background on the fire festival, which, bro, you don't know anything |
| 1:45.8 | about? |
| 1:46.3 | Not really? |
... |
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