“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.” MenWayYearsLittlesDoeWould BeRunningSpeakCoreEnormousOne WaySmokeUnexpectedInvestorsSchemesPrincipalCurtainsPercentagesWithdrawalLittle ManPonzi SchemeBlowing Smoke Author:Mitchell Zuckoff
“When I started 70 odd years ago I was told that to be a success you've got to have talent, personality and luck. I've had 99.9 percent luck and the other miniscule percentage would be having had the luck to have a little bit of talent, being able to stand upright and that's it. It's all luck.” YearsLittlesWould BeAbleBitsTalentPersonalityLittle BitPercentYears AgoLuckOddPercentages Author:Roger Moore