About this episode
Our guest this week is Ben Carlson, the director of institutional asset management at Ritholtz Wealth Management. A prolific and insightful writer, Carlson frequently publishes pieces on investing, personal finance, and other topics on his popular blog, A Wealth of Common Sense . In addition, he co-hosts the Animal Spirits podcast with his colleague Michael Batnick and is active on social media, including Twitter, where he can be found @awealthofcs. A CFA charterholder and graduate of Grand Valley State University, Carlson has authored several books, including A Wealth of Common Sense and Organizational Alpha . In today's episode, we'll be discussing Carlson's most recently published book, Don't Fall for It: A Short History of Financial Scams . Background Ben Carlson bio A Wealth of Common Sense blog Michael Batnick bio Animal Spirits podcast Ritholtz Wealth Management Don't Fall for It: A Short History of Financial Scams , by Ben Carlson Scams: Victims and Perpetrators Nigerian prince scam Annals of Gullibility: Why We Get Duped and How to Avoid It , by Stephen Greenspan Charles Ponzi bio Bernie Madoff bio John R. Brinkley bio The Wisdom of Psychopaths: What Saints, Spies, and Serial Killers Can Teach Us About Success , by Kevin Dutton " Troubles at Atlanta Hedge Fund Snare Doctors, Football Players " by Ian McDonald and Valerie Bauerlein, The Wall Street Journal , March 9, 2006. William J. Bernstein: "The wealthy are different than you and I: They have many more ways of having their wealth stripped away." The Four Pillars of Investing: Lessons for Building a Winning Portfolio , Chapter 7, Page 179. " How Did Spike Lee Convince Michael Jordan to Help Fund His Malcolm X Film? " by Gene Marks, Entrepreneur , Feb. 28, 2019. " Johnny Depp Spends $200,000 a Month on a Private Jet and $30,000 on Wine--Here's How Else He Blows His Fortune ," by Emmie Martin, CNBC.com, Aug. 31, 2017. Enough: True Measures of Money, Business, and Life , by John C. Bogle " South Sea Bubble Short History, " Harvard Business School Railway mania " Fraudster Poses as Jason Statham to Steal Victim's Money ," by Andy Bell and Dan Box, BBC News, April 29, 2019. Ulysses S. Grant bio " Lessons From the General ," by Michael Batnick, The Irrelevant Investor , Dec. 12, 2017. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.