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Madoff Lessons

Posted by taxguru on January 6, 2009

The best learning tool has long been OPM (Other People’s Mistakes) because nobody can live long enough to make them on his/her own.  The recent exposure of Bernie Madoff’s Ponzi scheme should be a good slap across the face to any investor.

From James B. Stewart of the WSJ – The Lessons to Be Learned From the Madoff Scandal.

From Jay Leno via NewsMax

“Congress says they’re looking into the Bernie Madoff scandal. So the guy who made $50 billion disappear, is being investigated by the people who made $750 billion disappear.”

“His family says he suffers from multiple personality disorder. Apparently, every one of them is greedy.”

 

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