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1 min readJul 14, 2017

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Ponzi scheme: a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

What you described is not a Ponzi scheme. Ainge is not enriching original investors by gathering picks, he’s playing for time and the *right* opportunity. Overpaying for one season of PG or Butler is not that. Just because he doesn’t want to tell fans every move he’s thinking of, that doesn’t mean he’s committing fraud.

This is a clear example of recency bias. What did Ainge do in the 2007 offseason? Was he “Ponzi Scheme Danny” back then? If not, on what date did he become “Ponzi Scheme Danny”?

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