4.2 • 1K Ratings
🗓️ 23 June 2017
⏱️ 66 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Picture yourself on the beach, retired early and enjoying financial freedom. |
0:08.0 | If this is your dream, then now's the time to level up your investing game, and Real Vision can help you. We arm you with the |
0:15.0 | knowledge, the tools, and the network to succeed on your financial journey on your |
0:20.7 | own terms. Take control of your future and visit real vision.com |
0:26.0 | forward slash free. I realize that finance was bullshit and math is truth. I just applied math and accounting proofs to |
0:45.2 | things that look too good to be true and when you look closely everybody else assumes genius I say |
0:49.8 | bullshit until I can prove it and tell then it's to me it's fraud. |
0:53.0 | Meet Harry Markopoulos. |
0:55.0 | Now some of you may not know who he is, but you absolutely should. |
0:59.0 | Harry was a guy who blew the whistle on Bernie Madoff when no one would listen. |
1:04.1 | The same Bernie Madoff who lost investors $18 billion before the great financial crisis of |
1:09.5 | 2008. |
1:10.5 | Well Bernie, he only went up, a 45 degree angle. And when you up a 45 degree angle and when you see a 45 degree |
1:14.6 | angle in finance 45 degree angle in finance means one thing fraud and worst of |
1:19.7 | all accounting firms that are supposed to vet financial statements and protect investors, |
1:24.3 | I mean not only were they asleep at the wheel, but they were incentivized to drive the damn thing off the cliff. |
1:29.6 | Name the big company killing multi-billion dollar fraud schemes that were caught by the big four accounting firms. |
1:35.6 | You can't, there aren't any. Now if I asked you, well, name all the big multi-billion |
1:40.4 | dollar accounting frauds that the big four aided and abetted, we could be here all afternoon. |
1:44.7 | Harry doesn't even get up to go to work unless the fraud is greater than five billion dollars. |
1:49.7 | So I just raised my minimums. |
1:50.9 | Five billion is my current minimum for a public company |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.