Ponzi Quotes

“The most intensely value-laden artifacts of human creativity - works of art - are now the purist examples of that old capitalist alchemy: turning human value into exchange value. At a certain point, and that point has been passed, the art market will only be a mathematical exchange. Art is worth money, but what’s money worth? Money is the ultimate numbers game. What the furor over the art market brings tantalizingly close to the surface is the fact that it is not just the value of art that is dependant on a shared fantasy, it is also money itself.
Warhol is not the name of an artist, it is the name of a currency. “Warhol” is a big number because its denomination (soup cans, Brillo box simulacrums, etc.) is presumed to be stable and growing. But it can inflate or deflate like any stock or bond or national currency. Jeff Koons is also a currency but less stable. The only thing that really changes hands are the numbers that are for some reason associated with these opaque talismans called “artworks.” The billionaire buyers of these works have been reduced to South sea natives who insist on the magical properties of certain queer objects - a cornhusk doll with pearls for eyes and a colourful ribbon about its head - but are unable to say why they are so important or why their world would collapse without them. Investors in the art market need to fear bot only the economic boogies of bubbles and ponzi schemes but also that dreaded moment when they look at one another in panic and say, “What were we thinking? What is this stuff? What could have possessed us to say that a glass balloon dog is worth thens of millions? Sell! Sell!”
― Curtis White, We, Robots: Staying Human in the Age of Big Data

“Put together two stock market forecasts - one predicting that prices will rise next month and one warning of a drop.
Send the first mail to fifty thousand people and the second mail to a different set of fifty thousand.
Suppose that after one month, the indices have fallen. Now you can send another mail, but this time only to the fifty thousand who received the correct prediction.
This fifty thousand you divide into two groups: the first half learns prices will increase next month, and the second half discovers they will fall.
Continue doing this. After ten months, around a hundred people will remain, all of whom you have advised impeccably.
From their perspective, you are a genius. You have proven that you are truly in possession of prophetic powers.
Some of these people will trust you with their money.
Take it and start a new life in Brazil.”
― Rolf Dobelli, The Art of Thinking Clearly

“Het enige Ponzi-systeem dat ik ken is de pensioenkas.”
― Jean Pierre Van Rossem

“Joe “Hunt” Gamsky still purports to be a devotee of Yogananda and is visited occasionally by members of Ananda Church of Self-Realization. I wonder, if they or anyone ever asks Joe how it felt to strangle poor little Richard Mayer; Or how he feels about getting away with that now?”
― Randall Sullivan, The Price of Experience

“Brooke Roberts (Joe Hunt’s longtime beard “front” gf) made the comment that she could not figure out why Joe would get out of bed every morning, totally nude, go striding into Dean's bedroom and stay in there for an hour.”
― Randall Sullivan, The Price of Experience

“Joe Hunt said he just kept shooting, a lot of times. He said that at one point Ron Levin's brain jumped out of his skull and fell on his chest. Joe seemed like he thought that was kind of neat in a weird way, as if it had surprised him. He was very casual when he was telling me all of this, matter-of-fact, except when he laughed about the brain.”
― Randall Sullivan, The Price of Experience: Money, Power, Image, and Murder in Los Angeles