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Theranos Executive to Depart Amid Regulatory Probes

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61–70 of 84 posts

Re: Theranos Executive to Depart Amid Regulatory Probes

#61
post #15
post #12

Earlier quoted context omitted.

Yes there is, she was selling bogus blood tests! Who cares about her feelings when innocent people made actual medical decision based on her junk science? And really what is there to be compassionate about? That she will be less rich?

We know that money is not a great thing to measure to ascertain happiness, so I feel her bank account is irrelevant. And compassion is not a finite resource.

all your emotion is finite. We are ignoring the battle against malaria in Africa, to chat and feel about theranos.

Re: Theranos Executive to Depart Amid Regulatory Probes

#62
post #54
post #41

Earlier quoted context omitted.

I like Alain de Botton's take: money and status are essentially a proxies for love, in that people feel worthwhile if others "pay" attention/respect/cash to them. (Heavily paraphrased) Now consider that Buddhist monks are forbidden from handling money, preparing their own food, and are willingly entirely dependent on the charity of others. It is a kind of self-imposed poverty that demonstrates how much a person can a…

I'm having trouble following the jump from proxies for love to the practices of Buddhist monks. Monks don't own anything (except for their robes and alms bowl) and don't prepare their own food (and don't do many other things) in order to avoid attachments, which as we know is one of the fundamental causes of suffering and an obstacle to achieving enlightenment.

In bringing up the monks, I was trying (maybe unsuccessfully) to challenge the idea that "poverty" is, ipso facto, a miserable, unhappy existence. De Botton makes the point that soldiers often endure conditions that are far worse than abject poverty, but are not unhappy due to the sense of a noble status given to them by their countrymen. Likewise, I think, for the monks who have nothing to their name, but are respected and honored for their discipline, etc.

Re: Theranos Executive to Depart Amid Regulatory Probes

#63
post #8

"Mr. Balwani, the Journal reported, told them in an email, “I am extremely irritated and frustrated by folks with no legal background taking legal positions and interpretations on these matters.” He wrote, “This must stop.” He then ordered the employees to only report to the accrediting organizations results from proficiency tests performed on conventional devices, and not the results of those tests obtained from the…

He's frustrated by people with no legal background making legal judgments. We're frustrated by people with no medical background making fake devices.

The problem is the hot shot VC/CS tech neophytes think they can solve all problems in all industries.

Re: Theranos Executive to Depart Amid Regulatory Probes

#64
post #41

Earlier quoted context omitted.

It is really hard to feel happy when you are poor (first hand experience), Money can buy happiness[1][2]. Conversely we do feel much joy when we see someone we envy fail, more so if we feel (rightly or not) that their success was ill deserved[3]. [1] https://si.wsj.net/public/resources/images/WE-AA766B_HAPPY_1... - from page 12 of [2] [2] http://www.brookings.edu/~/media/research/files/papers/2013/... [3] https://blo…

I like Alain de Botton's take: money and status are essentially a proxies for love, in that people feel worthwhile if others "pay" attention/respect/cash to them. (Heavily paraphrased) Now consider that Buddhist monks are forbidden from handling money, preparing their own food, and are willingly entirely dependent on the charity of others. It is a kind of self-imposed poverty that demonstrates how much a person can a…

It's a bit off-topic, but in a way being a Buddhist monk is a very selfish lifestyle. You don't have to take care of yourself, society will take care of you. You don't contribute much to society apart from perhaps some religious services. In my opinion it's not a good way of life.

Re: Theranos Executive to Depart Amid Regulatory Probes

#66

Earlier quoted context omitted.

Isn't this what one deserves if one tries to peddle something that doesn't work to investors, and then gets hundreds of millions of dollars for it?

Do we know that outright fraud occurred here? For a venture like this the investors would have been contributing only research and development funds, correct? Just because it has failed, doesn't mean that there wasn't anything worth pursuing to begin with.

> Do we know that outright fraud occurred here?

Judging by https://news.ycombinator.com/item?id=11687660 the answer is 'yes'.

Re: Theranos Executive to Depart Amid Regulatory Probes

#67

Earlier quoted context omitted.

Isn't this what one deserves if one tries to peddle something that doesn't work to investors, and then gets hundreds of millions of dollars for it?

Do we know that outright fraud occurred here? For a venture like this the investors would have been contributing only research and development funds, correct? Just because it has failed, doesn't mean that there wasn't anything worth pursuing to begin with.

Maybe not fraud, but the recklessness is pretty staggering.

I wonder who's writing the movie script?

Re: Theranos Executive to Depart Amid Regulatory Probes

#68
post #64
post #41

Earlier quoted context omitted.

I like Alain de Botton's take: money and status are essentially a proxies for love, in that people feel worthwhile if others "pay" attention/respect/cash to them. (Heavily paraphrased) Now consider that Buddhist monks are forbidden from handling money, preparing their own food, and are willingly entirely dependent on the charity of others. It is a kind of self-imposed poverty that demonstrates how much a person can a…

It's a bit off-topic, but in a way being a Buddhist monk is a very selfish lifestyle. You don't have to take care of yourself, society will take care of you. You don't contribute much to society apart from perhaps some religious services. In my opinion it's not a good way of life.

I've always understood the relationship between societies and monks (priests, ministers, nuns, etc.) to be one of "offset". Monks are taken care of so they can pursue the esoteric studies that the common person has no time for. In exchange, the common person's spiritual/religious/etc. enrichment is guided with assistance from the monk, similar to how patronage happens in the arts.

I'm sure this could be explained in an even more conduct way, but I'm having a hard time putting down in words how I see the relationship works in my mind.

Re: Theranos Executive to Depart Amid Regulatory Probes

#69
post #67

Earlier quoted context omitted.

Do we know that outright fraud occurred here? For a venture like this the investors would have been contributing only research and development funds, correct? Just because it has failed, doesn't mean that there wasn't anything worth pursuing to begin with.

Maybe not fraud, but the recklessness is pretty staggering. I wonder who's writing the movie script?

How about this guy: https://news.ycombinator.com/item?id=11523822

Re: Theranos Executive to Depart Amid Regulatory Probes

#70
post #68
post #64

Earlier quoted context omitted.

It's a bit off-topic, but in a way being a Buddhist monk is a very selfish lifestyle. You don't have to take care of yourself, society will take care of you. You don't contribute much to society apart from perhaps some religious services. In my opinion it's not a good way of life.

I've always understood the relationship between societies and monks (priests, ministers, nuns, etc.) to be one of "offset". Monks are taken care of so they can pursue the esoteric studies that the common person has no time for. In exchange, the common person's spiritual/religious/etc. enrichment is guided with assistance from the monk, similar to how patronage happens in the arts. I'm sure this could be explained in…

Someone should build a Patreon for Monks.
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