Many examples recently, exactly like this one, but in light of the new wave of fund redemptions strategies being adopted globally, one has to ask what’s the difference between a fund and a ponzi?
Monday, February 16, 2009
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2 comments:
The two terms can indeed be used interchangeably. To avoid confusion, the term "Fund" should be used during bull market periods, while the term "Ponzi" is better suited for bear markets.
What can I say... The person who invented gearing is God!
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