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Exchange-traded funds are one of finance's biggest success stories, attracting trillions of dollars with their low costs, tax advantages and simplicity. Professor Richard Evans says their rise offers business leaders lessons in product design, trust and competitive focus.

UVA Darden Professor Les Alexander, author of a case study on Theranos, reflects on Elizabeth Holmes’ lasting notoriety and the lessons her downfall holds for entrepreneurs and investors, from transparency and accountability to the importance of due diligence.