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December 18, 2017 | “Wolf of Wall Street” Warns on Financially Destructive Human Behavior

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Good comments in this segment on the vulnerability of humans to financially destructive behaviors. Belfort knows first-hand both how easy it is to lure people into harm’s way, but also how the slippery slope of greed tends to extinguish self-preservation sensibility for those promoting and selling the idea or product as well.

“Wolf of Wall Street” Jordan Belfort warns Richard Quest about getting into bitcoin. Here is a direct video link.

Cryptocurrencies are one extreme example of these behaviors today, but similar forces have been driving would-be sane folks into other high risk asset markets the past few years as well. All of this has been encouraged, aided and abetted by central banks and the financial sales sector, who will accept no blame for the losses when they hit.

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December 18th, 2017

Posted In: Juggling Dynamite

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