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EP:59 What Wall Street Doesn’t Want You To Know (The Ponzi Factor) with Tan Liu

This week we’re interviewing one of our favorite guests that wrote one of our favorite books, The Ponzi Factor, Tan Liu!

In this episode we’re covering:

How the stock market is a ponzi scheme according to the SEC definition

What stocks are (or aren’t) backed by

What you should know before you invest during this crisis

And so much more!!

Tan Liu, the author of The Ponzi Factor, explains why today’s non-dividend stocks meet the definition of a Ponzi scheme. Tan has undergraduate degrees in economics and finance and a master’s in statistics. He has worked for two hedge funds and a trading firm in Shanghai, but spent most of his career managing distressed assets for a bank. He officially exited the finance industry in 2015.

Reach out to Tan at the following links:

https://theponzifactor.com/

http://bit.ly/PonziFactorPDF

https://www.facebook.com/theponzifactor/

https://twitter.com/theponzifactor

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