so fucking easily.
Is this even legal?
Tai Lopez btw
Scamming's not hard.
The fact of the matter is, as long as you're careful, you'll run into someone stupid or someone who should know better but just doesn't devote the wariness they should to you.
Capitalized disserviceability makes up a large chunk of any economies GDP... but most economists would rather not talk about that
He's an entrepreneur/scam artist who peddles self help books and "keys to success", that kind of shit.
He lives in a nice house about ten minutes from me, complete with a garage where he keeps his lambos and knaaaawledge.
But I hear he's just leasing it and the cars, and his business is like a ponzi, as in he's using the money from customers to inflate his lifestyle to gain more customers.
>But I hear he's just leasing it and the cars, and his business is like a ponzi, as in he's using the money from customers to inflate his lifestyle to gain more customers.
How's this any different from stock buybacks or any other business strategies?
It's like asset inflation to get a loan, but he's using the loan(id assume he's using one) to inflate his own assets to look richer and sell books I guess?
In theory it's not illegal I guess. So he has that.
>How's this any different from stock buybacks or any other business strategies?
Not much different. He is able to raise his theoretical net worth much more % than a buyback could raise a companies value.
This guy seems more qualified than most self help faggots if what I wrote above is true.
It's not. The information that he sells is somewhat legit, not as legit as it gets in that field but he is doing a good job for a person at that field : read, improves his knawledge on the subject matter.
It's just that his selling point (that he is self-made millionaire and has his own house, feraris etc.) is completely false.
So basically his main sin is scummy marketing, but considering that the product that you get is okay-ish, just not special, he is not harmful.
like others have said it doesn't really sound like he's doing anything illegal, just taking advantage of idiots. the usual adage of supplying a demand applies here too, except in this case he is simply supplying false hope, and the market is the millions of people who want to 'get rich quick'. nothing illegal, just pretty cuntish is all.
this sounds about right, using loans to mislead people into thinking he's wealthier than he is. many people do this anyway, except usually they only do it for superficial reasons, not with the intent of actually making money off it in order to carry on and build on the illusion.
eventually someone else will come on the scene doing exactly the same thing but with better marketing, then his source of income will dry up and he will be utterly fucked when he has to pay back his loans, since it's likely he twisted the rules to get them in the first place. he's playing a very dangerous game.
>he's playing a very dangerous game
I guess he can always go back on TV
>It's like asset inflation to get a loan, but he's using the loan(id assume he's using one) to inflate his own assets to look richer and sell books I guess?
Ya, that's the entire essence of business: coming up with crafty ways to artificially inflate the capitalizable value of your assets
Book depreciation is always moving towards becoming greater than or equal to reported profits
Selling a shitty product is not scamming nor illegal. If he claimed his books cured cancer but really didn't, then there would be an issue. Has he claimed the books do something that they don't?
By realizing that a lot of people are in deep shit and that they want to believe there's an easy way out. Scammers and con artists have always excelled at selling hope. Tai Lopez does this as well. He rents a Lamborghini for a day, buys a lot of used books on economics (and clearly takes a Robert Greene book as his blueprint, probably the Art of Seduction), establishes a causal link between the method of success he's trying to sell and his 'success', and let's poor suckers do his work for him.
Without reading or watching any of his stuff, I'm going to guess that most of his advice is very general, such as 'Don't back off, double down!™', which can be pretty decent advice. Lopez however is one of those people who's really good at giving the appearance of success and wealth, even though he probably lives in a crappy apartment.
So, it's basically just the old story of the carrot on a string. The only really sickening part is of course that this usually attracts the most impoverished and most desperate people, which makes me hope that Tai gets raped to death by a bear
Remember the Zeekrewards $850 Million Internet Ponzi Scheme ? The second biggest after Bernie Madoff.
Well, the president of Zeekrewards still walks free. Tai Lopez is just a small time slimy twat compared to that.