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A bubble isn't a Ponzi. You can't just call every case of financial mismanagement a Ponzi.
by wmf 1y ago
A bubble isn't a Ponzi. You can't just call every case of financial mismanagement a Ponzi.
- bruce511 1y agoCorrect. Using new investor money to pay out old investors would make it a ponzi. At this point, from what I can see, it's all money going in, nothing coming out yet. So hence, not ponzi. It may be a bubble. Or it may be smart investing. At this point it could go either way.