Originally published at: British billionaire charged with insider trading | Boing Boing
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Libertarians love smugly claiming that if someone is a billionaire he must be a genius. Of course this is BS, so when a billionaire is as stupid as Joe Lewis was bere I’m curious about how he made his fortune. Turns out it was mainly forex arbitrage (which is mainly about luck), real estate (which is chock full of short-sighted idiots) and tax evasion (doing crimes).
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I really enjoyed Trae Crowder’s recent thoughts on this:
Do you treat them fancy, like they think they are, and use a balsamic drizzle- or is it funnier to turn them into hotdogs?
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Behind this particular great fortune lies a considerable number of intermediate sized crimes.
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