I don't want to win a lottery
What is man's greatest weakness. No, its not sex. No, its not even gambling. It is his uncanny ability to fall for every "get rich quick" scheme. Take the case of the collapse of the Saradha (and probably numerous other such schemes) in West Bengal. This was a classic Ponzi scheme. Investors were attracted by fantastic returns (15-50% !!!). The early investors were paid off with money collected from subsequent idiots. Bingo. An avalanche started. Two years on, it has collapsed leading to much hand wringing and vociferous shouts of indignation. What attracted my attention was not the scheme per se. They are dime a dozen. Remember the Emu farm scheme a little while ago in Tamil Nadu. Emu farming I believe - never mind that not one soul who put money into it had seen an emu in his life. But what has really got my attention is the response to the affair after it broke news. There has been much clamour for regulation of such funds and criticism of governments for not regula...