Rubicon’s approximate disclosure
Opinion: Details of its Clearwood transaction emerge, months after the fact.
The word “approximately” has a handy vagueness about it. “This week, doctor? Oh, probably six units of alcohol – approximately.”
Add the word “approximately” and a specific data point can become a range with ill-defined boundaries. Six could be eight, or even 10, without a word of a lie.
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Rubicon’s approximate disclosure
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