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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...

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Madoff’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...

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SEC 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....

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Lately, 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...

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Poor 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...

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