In this episode, we explore the rise and fall of Bernard Kornfeld, an American salesman who built one of the world's largest mutual fund empires, Investors Overseas Services (IOS). We discuss how his relentless pursuit of growth and confidence ultimately led to its collapse, leaving a trail of financial devastation. Chapters 00:00 Introduction to Bernard Kornfeld 00:40 Formation of IOS and Sales Strategy 04:46 The Downfall of IOS 10:12 Aftermath and Lessons Learned