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A couple of old quotes come to mind:
" a sucker is born every minute", and " you can't con an honest man".

The con in the article you cited is different than getting conned on the street,
the leaders probably wore nice suits, were well groomed and articulate. But they
are more dangerous to a persons wealth than any street criminal.

Pretty much everybody I know from work that retired handed over their retirement money
to an investment firm. When I would ask them simple questions like how much they'll be
paying in fees, is the advisor charging a fixed percentage for assets under management,
are they buying and selling from a family of funds and if so what are the transaction costs,
all of these questions were brushed off, usually with a comment that everybody else that
retired from our company uses this investment firm, so they must be good.

I did go to the Christmas party/investment pitch at a local distillery that the investment
firm threw. Free drinks and a chance to catch up outside of work with a lot of people, it was
a fun couple of hours.
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