Re: Old Nicknames
No, it wasn't a pyramid scam as such, more what we who have connections with the horse racing and bookmaking industry call "A donkey with a wooden leg".
It is well known that every so often, one such complete donkey will win a race, but it is also very well known that this is a rare eventuality and not one to be relied upon for anything at all. By all means bet pennies on silly bets, but don't put your life savings onto it.
Also, disregard the various millionaires' tips on how to get rich. Mostly millionaires simply got lucky and were sharp enough to capitalise on their good fortune. About the only extremely rich individual who got to where he is by sheer slog would be Warren Buffet, who has dedicated his life to investing money.