Question how much has been "invested" in the horse race? Answer: $50,000 by the owner of the horse who is expecting to recoup his investment from the winnings of the horse and other future deals. Everyone else is gambling, not investing.
Answer:
$50,000 by the owner of the horse who is expecting to recoup his investment from the winnings of the horse and other future deals. Everyone else is gambling, not investing.
This would make a very good viral email.
..."a classic pyramid or Ponzi scheme"...
the turn of phrase l've been searching for for days.
well done, rdf
