Fascinating Article: http://www.cnn.com/2008/LIVING/wayoflife/12/23/mf.ponzi.scheme/index.html “Ponzi was pocketing millions, and he enjoyed a sumptuous life outside of Boston. At his peak, Ponzi was raking in $250,000 a day, which enabled him to collect such necessities as gold-handled canes. He became a celebrity investor, almost like the Warren Buffett of his day.”
Imagine that bomb… BRK a ponzi scheme. Dow 100 ?
Easily. Market would be destroyed. Absolutely no trust for anyone would remain.