The “Laxmi Chit Fund” Fallacy
Financial Fraud, Ponzi Schemes, and The Mathematics of Realistic Wealth. The Laxmi Chit Fund Fallacy: Why “Get-Rich-Quick” is the Fastest Way to Stay Poor in 2026 Introduction: The Allure of the Shortcut In the 2000s, Indian cinema gave us a legendary cautionary tale in the movie Hera Pheri. The “Laxmi Chit Fund” promised to double … Read more