The Second Problem I Had With Michael Bastion

Michael Bastion was a former teacher and started up a fund management company. He would take 10% of the profits in the first year and 20%. When I looked at his returns, 1996 was 38% return. 1997 was 39% return. 1998, 51% return. 1999, 42% return. So, here I am making very good money. And I can see that I could double my money every two years by investing with Michael. In fact, I even went to the bank to see if I could borrow some money to increase my returns. Although, gambling is taxable income here in the United States. They wouldn't loan it to you. But fortunately for you, they'd...

Play episode from 33:43

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app