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Rose is the kind of woman every wealthy man could dream of. It's amazing how no matter how much money and gifts Charles wanted to give her, all she ever wanted was just to be with him and not his belongings. Much respect to Rose for being such a lovely lady.
@@lynnleigha580 And Ponzi was a complete fantasist - a trait obviously inherited from his mother. A big dreamer without the ability, knowledge or intelligence to achieve his fantastical schemes.
He had a partner that really loved him, poor or rich, even after going to jail many times. He had a treasure most poor and even most rich men never get. I can't think of a greater treasure than true love and good company. So sad he didn't realize. He had already won in life. Best wishes.
Weird time to be positive but okay. I personally think the partner could have stuck around for the perks. Could have been a trashier idiot trying to ride off of Ponzi's little successes. Don't be too naive. It isn't love. It is weird unhealthy bond/ dynamics that can be found commonly when you deal with the legal system and those who break it. A true & healthy love would guide their loved ones towards the right path not in and out of jail repeatedly or let their loved one chase after wealth in a manner that isn't so honorable. But i do agree with you - true love and good company really are the greatest thing a person can achieve.
@@creepersonspeed5490 or she could have tried and been unsuccessful. Greed can be a powerful thing. Im guessing she didn't like seeing him go to prison, but It's best not to speculate on this. No one involved is still alive, and unless something specifically about this was documented, we'll never know. End up probably drawing the wrong conclusions. On another note, there is a phenomenon of some women being very attracted to criminals. It even has a term coined for it; hybristophilia. The worse they are(the more media coverage/infamy), the more fan mail they get in prison, some serving life w/o parole get married while inside. Its crazy. Not saying this is what's going on with her, but it may explain an aspect that's otherwise mysterious. See why it's unwise to speculate lol
It’s nice to know that Ponzi had been so courageous in donating 120 square inches of his skin to a burn victim, a fellow nurse (who was unknown to him) who had been horribly burnt. That act was incredibly generous. I sure hope the skin grafts “took” for her.
@@je8117He couldn't know how much time he would need to be in hospital. He did have those mental issues, but this skin donation is not easy to do, especially with those time's means. Would YOU donate that skin, even hoping for some kind of benefit? Brave acts need to be commended.
I learned 3 things from this documentary: 1) Charles ponzi was not as bad as Bernie madoff or SBF 2) he had a true love for his wife 3) his mother’s moral character is highly commendable. She secretly revealed her son’s prison history to his would be wife. Now Let’s see what character SBF’s mother demonstrates.
I have a feeling his parents won't speak about it and will have his back behind the scenes as most moms would. Even if they know he screwed people over. They will take a generous viewpoint
What a strange, complex and oddly sympathetic person. I had no idea that he was this nuanced and morally grey person. The donating the skin off his back to a stranger thing, a hundred years ago when people were far more likely to die from infection - that is very unusual level of charity. I'm inclined to think he thought at a certain point the business would become profitable and would not defraud people. I feel like Ponzi could have had a very successful and happy life with Rose if he hadn't gotten in over his head.
@@Cper2000 The world isn't black and white like you simpleton think it is. If he was just a regular conman he would have let the stranger just die and not give a crap about it.
The fact that his marriage was apparently so functional speaks as well for him as anything else. Obviously she must have been very tolerant and devoted, but he was also presumably not abusive or unfaithful, and you hear so many awful things about how a lot of historical figures treated the women in their lives.... It kind of broke my heart that they divorced in the end.
The fact that he repeatedly lost all his money gambling tells me he is a mathematically and logically a stupid man,but he is a a genius when it comes to people
Patrick should be congratulated for presenting this thoughtful and comprehensive video. Every detail is clearly explained. The characters of all involved including Rose Ponzi and Ponzi himself are compassionately and thoroughly discussed and that offers much rich context that helps the viewer understand what really happened.
I think you are pretty much the king of the one-man production, deeply-researched, financial figures in history documentary. These are just amazing and so fascinating. Great insights Patrick.
Anyone who literally donates his own skin to save the life of a stranger can't really have an evil heart. It makes you think that in his own mind he didn't think he was defrauding anyone. He was just such a good salesman that even HE believed in his own bullsh*t.
@@CFITOMAHAWK maybe you are. This is about recognizing the sheer moments of humanity displayed by this guy. I am not saying that he should be treated as innocent for his crimes
This was the most fair analysis of Ponzi out there, of the five or six I've seen. Since this one came out three other high profile RU-vidrs followed up with their own version (they seem to coincidentally cover the same topics as Patrick almost like clockwork), but did not manage to put it together with the same flair or openness as Patrick. Cheers to Patrick, once again.
@@newunderthesun7353 the problem with ColdFusion is that he covers a very wider range of topics without a really deep understanding of any of them. This is ok for a RU-vid channel but it looks dumb compared to the knowledge of a specialist like Patrick discussing topics related to his speciality.
The furniture dealer who shook Ponzi down with his claim of "...owning half of the business" ended up coughing up all of his ill-gotten gains because of the claim. That's poetic justice!
Thanks for the history lesson! I didn't know anything about Ponzi beyond the Ponzi scheme being named after him, but learning more about his past made me think of, to me, an important reason why people shouldn't scam others: you can be a generous and good person, you can be a good son and husband, you could even be the second coming of Christ, but people will only ever remember you as a scumbag scammer and curse your name.
This was a truly excellent presentation. I only recently discovered your channel. Your intelligence and ability to explain complex subjects in a reasonably simple way is off the charts. I'm in awe.
The part of his mother hoping the family name would be restored sounds more like an anecdotal story of irony made because the name is now forever branded in infamy.
Not if the mother impressed upon him as a child the importance of restoring the family name and place in society. That would have def shaped his world view.
@@stefaniagobessi8582 I thought she just wanted to be a techie billionaire like Steve Jobs. Didn't know there was some family history involved. Thanks for the info.
This is perhaps the best Ponzi doc I've seem. Well-rounded and quite sympathetic. A lot of other docs portray him as stupid or ignorant or just plain devious. This would make a great film too.
A poor person with a stupid idea is told by a rich person it's a stupid idea, then the rich person steals the stupid idea and is praised as a visionary
Fascinating. I have heard of the scheme all my life, but hadn't really thought about the term or how it came to be. Thank you for bringing the character of the people involved to life.
I took this as biggest love story of Charles & Rose instead, couldn't remember nothing else! Their true love were bigger than anything else! Thank you Patrick for sharing!
Lol it's not just online, my local freeways are swamped with ridiculous billboards of that nature, too-good to be true investment "ideas", diamond ring ads, college ads, Christian ads and other "life-changing" garbage, you name it.
Say what you want about Charles Ponzi but you have to love his entrepreneurial spirit, his vows to his wife, how he never gave up and allow hardships to break him, how he was optimistic and wanted to achieve big instead of being mediocre
conman are never rough spoken, rude or grumpy they always tell you what you want to hear and they make sure to let you know how smart and educated you are for listening to them
@@christianlacroix5430 as much some people (myself included) love reading, it is a greater investment of time... and the more you read the greater the sense of the unknown and the more insatiable the appetite for knowledge... a pyramid scheme of knowledge of sorts to hopelessly sedate escalating cravings! When a well-presented story on the topic will meet a deeper psychological need within a more finite period of time, while also delivering the knowledge you initially sought.
I really like the clear, slow and very articulate utterances of the narrator. His pacing and voice are so pleasant that you can easily understand all that he is saying. Congrats!
Except he got a bunch of points wrong. His family sent Charles to live with his in the states because they were sick of his STEALING. He got fired from the Canadian bank for draining the account of a women over time. He WAS illegally smuggling immigrants across the boarder not “helping” them. Ponzi deserves to be remembered as a sociopath, not an everyman hero like this video portrays. There are also accounts of him getting fired from his initial small time jobs for theft as well. I guess thats what it takes to be remembered. TAKE, and screw everyone else.
79k left to go with 6 days left in the year. I believe in Patrick and think his content is uniquely amazing, but I'm not buying calls on this bet.... nor puts... iron butterfly it is! Seriously though, I was really impressed by this video. I wonder how many tens of hours of work this took to make. A ~10 minute RU-vid video takes me a couple hours to produce so I really can't imagine how much work went into this. Great job, Patrick! Cheers, Mahan!
Knowing what a Ponzi Scheme is but not knowing the history. I just can't believe that a movie hasn't been made about this man and his story. Although dishonest nonetheless a remarkable man.
This is the most complete and impartial version of the life of Charles Ponzi that I have ever heard. Amedeo Giannini, the founder of Bank of America, deserves an equally well-made video.
The one who launched Bitcoin studied the Ponzi Scheme well, he learned a lot from it, especially about the psychological motives of the masses who maintained the scheme...
Recently discovered your channel and just wanted to say how well done your content truly is! This was an incredibly interesting story, and I agree with others that I did not know how morally grey Ponzi was as an individual through his life.
Good job for not glazing over his upbringing. I believe the pressure was on him from a young age to be successful. Children have outright killed or disappeared from the pressure of trying to achieve success. Or what their parents perceive as being successful. Theft is far less harmful, imo.
Excellent video. I've never heard this story before. The most valuable lesson I've found in this story is find a woman like Rose and give her what she wants. Thank you.
Captivating story that was well delivered Patrick! The one insight into Ponzi's personality that I've gathered is that he seemed to be terribly impacted by people's opinions on him and seemed to be a people pleaser, which doesn't end well for many.
It takes a lot of effort to make *one* of these. They don't have enough time to make more than maybe one of these over a year, on top of grading things, making new homework and class work, making lesson plans, teaching every school day, etc. They have to maintain a life outside of that too.
Dude! Ngendlela esengiyithanda ngakhona history, I often regret taking it at school... But then remember how boring history was at school. 🤣🤣
3 года назад
It's funny how what he believed is similar to many "start ups" nowadays: first, they want to gain traction, so to develop a way to make a profit. The second step is definitely not the easy one... This video is a piece of art. Well done. 295 people were watching this on mute, it's the only reason...
The difference is only specific kinds of investors (not the average person) are allowed to invest in startups. Basically you have to be able to prove you’re quite alright with losing your shirt on a hair-brained scheme before you can legitimately invest in startups. Ponzi was marketing to the average Joe, and people were dumping their life savings into his company, without being well educated on the risks.
That's an amazing story. What's more amazing is the fact that even though the man had total happiness within his grasp in the form of a loving and prudent wife with whom he was equally in love (a VERY rare occurrence), his own inferiority complex and visions of grandeur, pushed him towards risky and shady business. A very interesting case study.
A genius demeanor I must say. Must have been a kind and honest soul too misled by the insatiable appetite to make money, which was engrained in him from early childhood. Refusing to flee even when he had all the money and no one suspecting, receiving early releases for good behavior, taking a fall for his bosses, donating his skin, and the undying love they had with his wife points to mostly a well-meaning man.
What an absolutely excellent presentation! I like your regular videos a lot, but you obviously also have a real talent as a compelling and interesting narrator.
What a fascinating story. I am sorry but overall I cannot help but like and really respect this guy. He never gave up, faced up to adversity and showed huge compassion to others - especially donating his skin to a complete stranger!! His worst fault was that he deluded himself into believing he actually could make the scheme work. I had heard of a ponzi scheme before, but never knew it was named after a real person!! I agree with the previous post that it would make a cracking film. Thanks tobtge producer of this for all thd hard work gone into making it.
Two quick thoughts about Ponzi. One, he lived the wealthy lifestyle he truly wanted; and two, his true treasure that he had, and lost as well, was his loving wife Rose.
It's funny to think of Ponzi vs Madoff. Madoff's investment fund only promised a 1 percent per month gain, no matter what. Ponzi promised to double the money (about 33 percent per month) in 3 months.
What drew people into Madoff's scheme wasn't the high rates of return, I made higher than that most years of the 2010s, but the regularity. When the market was in recession, he was still claiming to make 1% every month.
Ponzi was smart but his fatal failure in the whole story was that he was a gambbler and this is why he couldent run! He had to gamble until the end. And like all gamblers this is an addiction.
Patrick you have a full and convincing voice. The repetetive background music is not required and somewhat annoying. Please reconsider this option. Thank you and cheers from Canada.
this was an absolutely beautiful and insightful documentary. better than most movies. what a great story! it has everything even a love story. thank you for making this great video! I learned a lot.
One lesson I learned from my own life experience and from reflection of Ponzi's tale is that crime and corruption doesn't pay. Not that it is not profitable or else nobody wants to take the risk. It is because just like Ponzi, when you dig too deep, you don't know when to stop and in the end it becomes your grave...sometimes literally.
Congrats ! I started right before covid when the recession hit. I held those stocks and made a killing. I bought dividend stocks and made a lot during covid.
I'm convinced that the big investors and analysts are trying to scare us to keep us poor and ignorant to the market.. because its steady doing good after all the jobless and market crash talks
The one effective technique I use is staying in touch with a financial coach for guidance, it might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market during the pandemic and raise a profit of roughly $40k
This was very interesting and detailed. Wish there would be more of these for the remaining partot schemers afterwards. Really great delivery, narration and montage overall.
New subscriber here Patrick. I’ve watched several documentaries over the years about Charles Ponzi. This was the most informative, interesting and beautifully done documentaries on the man and his life that I’ve seen to date. Most documentaries covers just the scam and the surrounding events. I’m always interested in the backstory/childhood. I believe peoples beginning in life absolutely shapes their future. Whether good or bad. So thank you for the deeper dive into Charles’s growing up years and his relationships with his mother and family of origin. And also featuring Rose. His marriage was an integral part of his story overall and should not be ignored. As so many other documentaries only mentioned it as a footnote. I appreciate that you brought her to life to us in such a way that we feel like we actually knew her. Or at least felt connected to her as the flawed human beings we all are. This was so well done!! BRAVO PATRICK!
This is very well done thank you. The 2020's are much like the 1920's -- for example every ad I was served during this video was inviting me to participate in some financial scam lol.
New to your channel and I am really grateful. I am very cynical of finance, but needed an honest place to learn more for my benefit. I am enjoying your content because you make something I otherwise find dull or scammy interesting.
