||Like it? PLEASE +1 it! Thanks!|
Bernie Madoff -- A Cynic's Take: Frauds within Frauds
While many dopey investors in Madoff's funds thought he was actually running a "split strike option" strategy (and most of those people had no idea what that meant), most of the smart investors didn't. They just thought he was using the trading order flow from his securities firm to run a lucrative insider-trading operation, and they were happy to get a piece of it.
To that way of thinking, the "split strike" thing was seen by wise-guys as just a clumsy cover, but one that they were cool with. And that, while goofy, makes more sense to me than believing that any even marginally clueful investor bought that Madoff was running a strategy that most knew couldn't work the way he claimed it had.
So, imagine how pissed those wise-guy investors were when they found out that Madoff wasn't running the fraud that they thought he was. Instead, he was running a different fraud. Woo-hoo, hell hath no fury like a cynic out-cynic-ed, etc.
Related ArticlesTransforming Healthcare through Mobile Apps
Phone Verification System: Functionalities, Utilities
How To Avoid Google Adsense Click Fraud In Any Online Business
4 Tips to Avoiding Affiliate Fraud
Ponzi Schemes and Steroids These are the Days of our Lives
Legitimate Home-Based Business: Finding a Needle in a Haystack?
Bernie Madoff: American Deception
Super Stars Don't Make the Team
Hedge Fund Job: Must Understand Benford's Law
What is the Right Internet Business Opportunity?
Thriving in the Gap
Bernadine (Bernie) Dutra, OneChild
Real leadership is the only solution to any leadership crisis
How to Refine Your Sales Selection Criteria and Candidate Pool
Home Based Business Opportunities: Is It Too Good To Be True?
The Thin Line
The Thin Line Between Persuasion and Manipulation
10 Steps for Your Sales Force to Survive and Thrive in the Recession
Legitimate Online Business Opportunities-Do They Exist?
The One-third Rule: And You?
Home > Entrepreneur-Advice > Paul Kedrosky > Bernie Madoff A Cynics Take Frauds within Frauds > Google +
Free PDF Download
Sorry, You Canít Be My Online Friend
By Paul Kedrosky
About the Author: Paul Kedrosky
RSS for Paul's articles - Visit Paul's website
Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company.
Click here to visit Paul's website.
Everything is Viral Even the Things That Arent
Dear Richard Posner Love Richard Thaler
The Trouble with Beta Invites
Always Steal from the Best
Evaluate Traders by Their Stories
Related Forum PostsRe: Profiles on Infamous Entrepreneurs?
Home Depot Training
Share this article. Fund someone's dream.
Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
By: Evan Carmichael
By: Evan Carmichael
||Like this page? PLEASE +1 it!|