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Archive for the ‘black swan theory’ Tag

Is the Stock Market a Big Ponzi (Madoff) Scheme?

Friday, 26 December 2008, 1:23 | Economics, Psychology | 0 Comment
by Numan

Looking into the notion of the western financial markets as a big pyramid scheme I’m sure many of you are familiar with the tale of monkeys and villagers that cleverly demonstrates certain aspects of the stock market. Here’s a short version for those of you who aren’t.

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