Category: Ponzi Scheme
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Herbalife, Death Blows, and Ponzi Schemes
Cast your minds back to this magnificent moment on CNBC, when billionaires Carl Icahn and Bill Ackman had a live bitching spat for almost 30 minutes. https://www.youtube.com/watch?v=hCZRk1lL90Q Well, that was meant to reach a climax this week, when Bill Ackman declared that he would be delivering a “death blow” to Herbalife in a three hour […]
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No One Would Listen: the Bernie Madoff Story
I’ve written before about Ponzi schemes, but having recently read (and been a bit bored by) the book in the title, I felt that it might be time to revisit that post and put it in context. What is a Ponzi Scheme? A Ponzi Scheme (and/or Pyramid Scheme*) occurs when the investment manager uses new […]
read moreDaily News Roundup 2012: Friday 23 March
Good morning It’s Friday. The headlines: After the Agribank Branch story yesterday, China’s Agribank announced that its quarterly profits unexpectedly fell for the first time in 2 years. Net income declined 14% – and those 20 analysts from the Bloomberg survey were expecting a 17% increase! Awkward (again). The reason for the increase is given […]
read moreThe Ponzi Scheme: Be Not Deceived
You know the old adage: “If it seems too good to be true, it probably isn’t?” The gentleman that said it first was the victim of a Ponzi scheme. For sure. So – the Ponzi scheme. It’s a word that most people associate with those product fliers that you occasionally find attached to your windscreen […]
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