When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.
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"When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year." — Mitchell Zuckoff
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When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the…
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When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year. — Mitchell Zuckoff
About Mitchell Zuckoff
Mitchell Zuckoff was a Educator (1962–present).
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Who said "When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawal…"?
This quote is attributed to Mitchell Zuckoff, a Educator.
When did Mitchell Zuckoff live?
Mitchell Zuckoff lived from 1962 – present.