The little-known story of an age-old scam... Published by Damn Interesting on September 2, 2019... Nobody knows who did it first. Swindlers have been pulling off the scam for centuries, paying existing investors with the deposits of new ones to create the illusion of an incredibly profitable investment opportunity. Before 1920, it was known as … Continue reading The Eponymous Mr. Ponzi
Death by Derivatives
How the opening of a Chicago canal in 1848 led to the birth of modern financial derivatives, and the early demise of some of the men who traded them... Published by Damn Interesting on November 21, 2017... In April of 1873, an unhappy man walked along Clark Street in downtown Chicago. His name was Aymar … Continue reading Death by Derivatives
The Reconstruction of Ulysses S. Grant
How the beloved American Civil War general and two-term president failed at every attempt to make money. Except for one... Published by Damn Interesting on April 11, 2017... In the second half of the 19th century, few Americans were better known—and revered—than the man whose face looks out today from the $50 bill. Ulysses S. … Continue reading The Reconstruction of Ulysses S. Grant
He made a name for himself organizing the world’s most important economic conference, only to have it tarnished by an outrageous accusation. Here's my story of Harry Dexter White, published by Damn Interesting.