ponzi scheme

How Do Share Markets Work?

As I wrote this in the second week of February, share prices throughout the world were falling. I do not know what will be happening when you read this. I don’t forecast share prices. This sets out how to think about such events.

I wonder what would have happened to Mark Hotchin if he hadn't been quite so respectable, quite so upper class and quite so, well, rich

Phil Taylor at the Herald yesterday revealed Mark Hotchin's half million dollar losses in a 2002 get-rich-quick scam, a fact the courts chose to keep from the public.