Good comments in this segment on the vulnerability of humans to financially destructive behaviors. Belfort knows first-hand both how easy it is to lure people into harm’s way, but also how the slippery slope of greed tends to extinguish self-preservation sensibility for those promoting and selling the idea or product as well.
“Wolf of Wall Street” Jordan Belfort warns Richard Quest about getting into bitcoin. Here is a direct video link.
Cryptocurrencies are one extreme example of these behaviors today, but similar forces have been driving would-be sane folks into other high risk asset markets the past few years as well. All of this has been encouraged, aided and abetted by central banks and the financial sales sector, who will accept no blame for the losses when they hit.
