Mitchell Zuckoff quotes
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“Fear is something i don't you experience unless you have a choice. If you have a choice, you're liable to be afraid. But without a choice, what is there to be afraid of? You just go along and do what has to be done.”
-- Mitchell Zuckoff -
“We've suffered a 'Ponzification' of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time.”
-- Mitchell Zuckoff -
“Nathaniel Philbrick's 'In the Heart of the Sea' has rightfully taken its place as a classic for its literary merits. It has a special place in the cannibalism canon as well.”
-- Mitchell Zuckoff -
“My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.”
-- Mitchell ZuckoffSource : "The Color of Money". Live discuss with Michelle Singletary, www.washingtonpost.com. January 29, 2009.
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“I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a loop. The article explained that a military plane had crashed in an impossibly remote valley of New Guinea that had been nicknamed Shangri-La.”
-- Mitchell ZuckoffSource : "Amazing Shangri-La rescue story". Interview with Christian DuChateau, www.cnn.com. May 8, 2011.
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“I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is misleading and does more to cloud the issue than it does to illuminate it. And yes, I do know that unless changes are made, the current system is unsustainable. But that doesn't mean it's fraud.”
-- Mitchell ZuckoffSource : "Color of Money Book Club". Online discussion, www.washingtonpost.com. January 29, 2009.
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“For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg - sorry - for a good book on the subject, or similar tasteless - sorry, again - attempts to make the subject more palatable - last one.”
-- Mitchell Zuckoff -
“Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest son, Michael, who wrote it as a 15-year-old poet!”
-- Mitchell ZuckoffSource : "Color of Money Book Club". Online discussion, www.washingtonpost.com. January 29, 2009.
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“No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.”
-- Mitchell ZuckoffSource : "Meet the man behind the Ponzi scheme". Interview with Randy Dotinga, www.csmonitor.com. September 9, 2011.
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“Sending a book out into the world is a lot like sending your child to the first day of kindergarten. You hope the other kids play nice and that she makes friends.”
-- Mitchell ZuckoffSource : "Amazing Shangri-La rescue story". Interview with Christian DuChateau, www.cnn.com. May 8, 2011.
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“Every swindle is driven by a desire for easy money; it's the one thing the swindler and the swindled have in common.”
-- Mitchell ZuckoffSource : "The Perfect Mark" by Mitchell Zuckoff, www.newyorker.com. May 15, 2006.
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“When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain and reveal a little man blowing smoke? One way would be to attract a core of investors who could be counted on to never withdraw more than a small percentage of principal each year.”
-- Mitchell Zuckoff -
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