On 2/26/07, Perelman, Michael <[EMAIL PROTECTED]> wrote:
Charles Ponzi began by arbitraging Italian stamps, but then he went on to bigger things.
as I understand it, that arbitrage was the promised basis for the returns in his famous scheme. But of course, the actual basis was selling new shares to new marks. -- Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright
