I mean to play Devil's Advocate, many people have the same opinion on MLM's (e.g., "you just have to really understand the leggings market and how to run a business, all these new people who got burnt thought they could get rich quick without working" etc.) because the nature of Ponzi Schemes is that the early investors often do cash out.
In fact, the reason Madoff got so large was b/c he was one of the few who convinced most early investors not to cash out.
Implying that smart money is 'being early to the Ponzi Scheme' is certainly an outlook on life, IDK if it's a particularly good one though.
In fact, the reason Madoff got so large was b/c he was one of the few who convinced most early investors not to cash out.
Implying that smart money is 'being early to the Ponzi Scheme' is certainly an outlook on life, IDK if it's a particularly good one though.