TED Talks Daily 3 money lessons from infamous scam artists | J Mase III
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May 3, 2023 J Mase III, a poet and educator, dives into the world of infamous scam artists and the money lessons they reveal. He discusses cases like Elizabeth Holmes and Anna 'Delvey' Sorokin, exposing how scams often reflect broader societal issues. Mase addresses the disparities in financial consequences faced by the wealthy versus the working class and critiques the flawed belief in meritocracy. He urges listeners to rethink trust in wealth and advocates for ethical financial practices to combat systemic inequality.
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Learning from Scam Artists
- Scam artists can teach us about how money works in society.
- Learn how money flows and how to spot scams.
Elizabeth Holmes and Theranos
- Elizabeth Holmes, founder of Theranos, secured a $9 billion valuation for a faulty product.
- Her investors justified their decisions with her family history, not medical expertise.
Wealth and Bad Decisions
- Wealthy people's bad financial decisions affect entire ecosystems, unlike those of poorer people.
- Wealthy individuals can make more bad decisions without suffering the consequences.