S&P 500 is a Ponzi scheme where last in loses everything and only the early to exit make a profit

Posted on 30 November 2013 with no comments from readers

The S&P 500 is the biggest Ponzi scheme of all time, that’s when the last investors in lose everything and only the early to exit make a profit. You have been warned!

Michael Dever, President of Brandywine Asset Management, discusses the impact of monetary policy and his subsequent investing strategy. He speaks on Bloomberg Television’s ‘On The Move’…