So , so you kind of think you're swimming safely with like other savvy investors and that's what ultimately gets you to buy in . Bernie Madoff is very similar . I mean , he was , uh , you know , really well regarded in Wall Street .
I was interviewing for this , for this news scheme . We're looking at it and he said , you know , I never understood how Bernie Madoff got people because it seems so preposterous and then I fell for something very similar . And what I noticed with all of these things , the threat is , you believe , you know , it's kind of too good to be true , but the social proof is overwhelming and it overwhelms your kind of like alarm bells .
Don't invest like that's a bad idea . People were calling bullshit though , just like they were calling , there were , there was a few people that were wary that were calling bullshit on Bernie Madoff and there was , there was a few people that were standing out and saying this , none of this makes sense . And who are those people ?
I mean , he was one of the go to guys . And so you thought , well , I invest with Bernie , like I can't lose . It's like almost , you know , betting on the house , like the house always wins , right ?
So I made a video at the time being like this crypto ceo just de describes a Ponzi scheme and that video has aged so well because it's like people are like , oh , it was all true . Um But like , but people were outright calling it a fraud like Mark Kotti , he's a famous short seller . Um He was calling that a fraud early .
