I'm a huge Michael Lewis fan. Mitchell Zuckoff More Quotes by Mitchell Zuckoff More Quotes From Mitchell Zuckoff No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run. Mitchell Zuckoff purpose running people Fear is something i don't you experience unless you have a choice. If you have a choice, you're liable to be afraid. But without a choice, what is there to be afraid of? You just go along and do what has to be done. Mitchell Zuckoff choices done fear We've suffered a "Ponzification" of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time. Mitchell Zuckoff economy years firsts Nathaniel Philbrick's 'In the Heart of the Sea' has rightfully taken its place as a classic for its literary merits. It has a special place in the cannibalism canon as well. Mitchell Zuckoff taken sea heart My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam. Mitchell Zuckoff return pay years I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a loop. The article explained that a military plane had crashed in an impossibly remote valley of New Guinea that had been nicknamed Shangri-La. Mitchell Zuckoff june military war I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud. Mitchell Zuckoff issues clouds mean For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg - sorry - for a good book on the subject, or similar tasteless - sorry, again - attempts to make the subject more palatable - last one. Mitchell Zuckoff sorry mean book Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest son, Michael, who wrote it as a 15-year-old poet! Mitchell Zuckoff bob song years Sending a book out into the world is a lot like sending your child to the first day of kindergarten. You hope the other kids play nice and that she makes friends. Mitchell Zuckoff nice book children Every swindle is driven by a desire for easy money; it's the one thing the swindler and the swindled have in common. Mitchell Zuckoff easy common desire 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 running men years Most travel disasters turn into something else: a story of survival, a story of bravery, of heroism, sometimes villainy. You just don't know when it starts where it's going to go because they are unexpected events. Mitchell Zuckoff you unexpected sometimes travel It's not that you make a psychopath. They are - more likely, they come out that way, and they show their stripes over time. Mitchell Zuckoff more you time way New Guinea was sort of a graveyard for planes. Mitchell Zuckoff sort new graveyard planes As a journalist, you're always worried, 'Did I get the full story?' Mitchell Zuckoff story get you always There is an interesting parallel between the 'Argo' story and '13 Hours' in that, around the world, we have 285 or so diplomatic outposts and the expectation that the local government will come to our aid if we ever come under attack on the sovereign property of the United States in an embassy. Mitchell Zuckoff will story government world I think more and more, in places like Benghazi, in places like Iran, we have to be asking the question, can we trust the local government to protect our people? Mitchell Zuckoff think trust government people The State Department has promised they will never have another temporary mission facility like the one in Benghazi that is so lightly protected. But at the same time, history tends to repeat itself here, and so it might not repeat itself in exactly the same way as Benghazi. Mitchell Zuckoff never time history way I need to know everything inside quote marks is true. Mitchell Zuckoff inside true need know
