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cosmicone

(11,014 posts)

17. I agree

Reply to closeupready (Reply #16)

Wed Sep 3, 2014, 05:09 PM

Sep 2014

but the fact remains that no one puts all eggs in one basket no matter how sturdy and promising that basket may be.

I wouldn't put all my life's savings in one instrument, even if god guaranteed doubling my money every week. I may put 25% in such instrument, being happy with the overall return of my total holdings to be more than satisfactory.

Only those driven by greed would put all their life's savings into one instrument after having thrown caution to the wind.

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Andrew H. Madoff, son of convicted financier, dies at 48 [View all] mahatmakanejeeves Sep 2014 OP

I wonder if he grabbed someone's gun and shot himself while being handcuffed behind his back. valerief Sep 2014 #1

hopefully he felt at peace in knowing he did the right thing in turning his dad in JI7 Sep 2014 #2

Good lord PatSeg Sep 2014 #3

or for the courage to try righting a profound wrong n/t Psephos Sep 2014 #6

Yes PatSeg Sep 2014 #7

In my mind, that entire bunch knew what crookedness was going on. closeupready Sep 2014 #4

"... they alerted the SEC, which did nothing." mahatmakanejeeves Sep 2014 #5

Yes, and notably, de la Villehuchet did commit suicide after closeupready Sep 2014 #8

I read about five books on the Madoff scandal NJCher Sep 2014 #9

+1 eom LittleGirl Sep 2014 #14

as soon as they learned of it, they turned their father in magical thyme Sep 2014 #10

Even though Madoff should get 95% of the blame cosmicone Sep 2014 #12

And among Madoff's victims were folks who told others they were getting 18% return, LuckyLib Sep 2014 #15

The story of his Ponzi scheme is a long one, and hinges upon closeupready Sep 2014 #16

I agree cosmicone Sep 2014 #17

there are many people who are easily fooled and fall for scams JI7 Sep 2014 #20

It's like Greek tragedy, the House of Atreus frazzled Sep 2014 #11

i'm sorry to hear that samsingh Sep 2014 #13

Dickensian (nt) Nye Bevan Sep 2014 #18

Bernie has lost his sons. MADem Sep 2014 #19