Whenever elite media folks act as if they are smarter than the yahoos in the sticks, please keep the sad yet hilarious story of Charlotte Cowles in mind. She is the financial advice columnist of the New York magazine The Cut section and previously a weekly columnist in the Business section of the New York Times. She revealed on Thursday how, with a incredible level of gullibility, she handed a box containing $50,000 of most of her savings to a scammer in “The Day I Put $50,000 in a Shoe Box and Handed It to a Stranger.”
Her long tale of financial scam woe runs well over 5,000 words but here a few highlights from someone who you have to scratch your head to remind yourself that she is a financial advice columnist.
On a Tuesday evening this past October, I put $50,000 in cash in a shoe box, taped it shut as instructed, and carried it to the sidewalk in front…
