The Clarey Podcast - The "Why'd You Hire Communists" Episode

Thank you.

So just me having been in the investment industry for a long time, finance, whatever, it's all investments at the end of the day.

One thing I never got or understood was the con artists.

The one that comes to mind most recently was Big Island Finance or Big Island Venture Fund, something Big Island.

If you want to go to Minnesota, which you shouldn't, there's a big ass lake where all the assholes live, but that doesn't narrow it down.

And on Lake Minnetonka, there's Big Island.

And it's where all the rich kids who are living on third generation wealth, it's probably all gone now.

It's all debt and extended pretend.

Anyway, all the assholes go to big Island.

Although I, I enjoyed big Island for what it was.

And some couple, it was a husband and wife couple decided they're going to set up a finance company, a hedge fund investment fund.

They called it big Island finance, bro.

And they got some original funding.

People gave them the money.

and literally the next day the the people who gave the money said they saw that this couple had bought like a ferrari or some supercar in a boat and they're like where'd that money come from like did you have to ask my question was and then they got busted and it was it was just this tremendously short sight like what was your plan then I'm going to get people's money and say, I'm going to invest it.

See? Yeah.

But when we're going to spend it on ourselves, like, like one or 2% a year, like that you could hide it.

No, all of it.

Are you even going to bother investing in the outside? Hope that investment doubles and you give them a 25% rate of return.

You get to keep 75%.

And they're like, what? No spend money now, not mine.

And act like we're big bros.

Like, what did you think was going to happen? It always fascinated me.