Why Are “Sophisticated Investors” So Dumb?
I find it funny that nearly every time that I read a story in the Wall Street Journal about the collapse of a hedge fund or a story about fraud, the words “sophisticated investor” are used to describe...
View ArticleMadoff’s Investors May Have to Surrender Gains!
From, Investors May Have to Surrender Gains ($), in yesterday’s Wall Street Journal: Investors are unlikely to get back much of the money they invested with Bernard Madoff, and those who took out money...
View ArticleSEC Accusing Stanford Financial Group of Fraud
This one hits close to home as the Stanford Financial Group is located in Houston. The SEC has registered a complaint against Stanford Financial Group (StanfordFinancial.com), alleging massive fraud....
View ArticleLately, Reading the Wall Street Journal is as Good as a Fiction Thriller
Over the last few months, the Wall Street Journal has covered some fascinating stories. This is stuff that would normally be found in a John Grisham thriller but sadly is real: • The Bernard Maddoff...
View ArticlePoor Ruth Madoff…
She has to face living off $2.5 million. I really feel sorry for her. Please detect the sarcasm in that statement. This will sound cold but I think she should be impoverished like so many of her...
View Article
More Pages to Explore .....