A Ponzi scheme in New Martinsville WV seems to have included nearly 800 victims who have been bilked out of tens of millions of dollars. More than 500 of the victims were West Virginians, about 150 Ohioans, and several from other states. Several of the victims are older individuals and middle earnings folks who came in to some funds through the current improvement of shale gas in the places near the Ohio river such as Wetzel, Tyler, Marshall, Pleasants, Wood, Ritchie, Doddridge, and other counties.

p. 5. Fama-French. Perhaps to discover a profit opportunity both talent AND luck are necessary. Suppose talent is about equal for the Wall Street wizards. Luck in any given year is not. Each and every year, a different mutual fund would do effectively, but all the wizards would get the exact same pay (if nothing at all else is going on). They are all highly …