George Hendricks, a 69-year-old from Leesburg, a suburb of Orlando, told ClickOrlando he lost $45,000 after a scammer targeted him with a deepfake video of Musk. Deepfakes are digitally-altered videos often used to impersonate notable public figures.
Now, Hendricks tells the outlet that his wife “wants to get a divorce” over the scam.
You’re right. Thank you.
I don’t mean to claim that markets for us to purchase investments don’t exist. My claim is that those markets aren’t favorable to us.
In particular, it is silly to imagine that a sound investment is going to come to me, instead of to someone with more capital and paid researchers and strong connections.
My (non-billionaire) situation guarantees that anyone courting my investment dollar has a higher probability to be providing either a poor investment or a scam.
Index funds are a wonderful innovation to help address this problem, but they do not completely solve it.