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It cannot potentially be Ponzi Scheme as their investors didn’t end up losing money.(The 0-sum was in the market participation) The kind of returns RenTech too
by stillworks 5y ago
It cannot potentially be Ponzi Scheme as their investors didn’t end up losing money.(The 0-sum was in the market participation)
The kind of returns RenTech took, it would have to be a highly elaborate insider trading and why would a bunch of scientists want to waste their time on that ?
The only thing “wonky” about RenTech was Bob Mercer’s personal political views but despite that I would still consider Bob Mercer to be a very intelligent/scientific person.