Remo Uherek

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Home › Blog › Don’t overpromise

Don’t overpromise

Two cautionary tales:

  • Theranos was a privately held health tech company, becoming infamous for its false claims to have developed blood tests that only needed very small amounts of blood. I recently read Bad Blood by John Carreyrou, detailing this whole story. Pretty scary stuff.
  • Robinhood recently announced a new Checking & Savings service with 3% interest, no fees, and free ATMs. Then it had to crawl back.

I know it’s tempting to exaggerate and overpromise. But it rarely works. When in doubt, strive for the opposite: underpromise, then overdeliver.

[Hat tip to Daniel Gladiš]

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Tags: Bad Blood, Heuristics, John Carreyrou, Robinhood, Theranos
Category: Wealth



January 11, 2019October 8, 2019 by Remo Uherek

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