Thursday, May 22, 2014
The Atlantic -- Frank Partnoy, a professor of law and finance at the University of San Diego, is the author of Wait: The Art and Science of Delay.
Is Herbalife, the global nutrition company, a pyramid scheme? Its shares have lost about a fifth of their value in recent months, as news has spread that regulators are investigating whether the company broke the law. But this question is surprisingly hard to answer. It is, ultimately, an inquiry not only about markets, but also about human psychology. (Full Story)