Warren Buffett Lives Off You

Saturday, November 20, 2010
By Paul Martin

Smart Money, Honest Voters

by Gary North

“You can’t cheat an honest man.” ~ Mordecai Jones

Mordecai Jones was a character in The Flim-Flam Man, a 1967 movie starring George C. Scott. Jones was a small-time con man who roamed the rural South, cheating people out of their money – not much money, but little chunks. You might call his scheme “making it small with little scams.”

He was poor. He would sometimes live in an abandoned freight car. He had nothing to show for his life. But he liked his lifestyle. He would cheat people by persuading them that they were cheating him. “You can sell a man anything if he thinks it’s stolen,” he told his naïve young recruit. Then he would sell them junk at stolen goods prices.

He was a total cynic. He thought he could con anyone, because he believed that everyone was a cheat, just as he was. He took advantage of their weaknesses.

“Greed’s my line. And 14-carat ignorance. They never let you down.”

The Rest…HERE

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