HS 241 - The Original Ponzi Scheme and How to Spot Bad Deals with Mitchell Zuckoff

Today’s Holistic Survival Show sees author, Mitchell Zuckoff, as guest to describe how a straightforward swindle was transformed into months of notorious money-making in the hands of Charles Ponzi. We can learn a huge amount from the history and the figures, but Jason Hartman also steers the discussion into a more contemporary tone, asking Zuckoff for his advice on identifying bad deals and how to avoid getting sucked in.    Key Takeaways 01.57 – Mitchell Zuckoff takes us through the past of the man who characterized Ponzi schemes.  06.34 – Swindles have existed for centuries, but what makes a Ponzi scheme so specific? 11.57 – Strangely, there is evidence to suggest that Ponzi’s intentions weren’t even as swindling as presumed. 17.34 – The success Ponzi had in such a short time is really mind-boggling. Consider inflation as well and you can understand why he gained such notoriety.  18.08 – It’s important that we learn from these aspects of history to not get caught up ourselves. 22.25 – Unbelievably, people are still getting caught up in scandals involving money in Nigeria. What definition of skeptical do these people live by? 27.38 – Find out more about today’s guest at www.MitchellZuckoff.com    Mentioned in this episode www.MitchellZuckoff.com