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Three Investing Lessons from Bernie Madoff
Last week I caused a bit of a controversy on Fox News when I suggested that Bernie Madoff might do more good than harm in the long run – there are some good investing lessons for everyone to note.
Don’t get me wrong. Madoff himself is a despicable person. Over a twenty-year period, he created the world’s biggest Ponzi scheme worth an estimated $65 billion. Hundreds of individuals, retirees, and charities were hurt or destroyed by Madoff’s deception.
He deserved to get the maximum penalty (150 years).
Nevertheless, I look at all the positive side effects of the Madoff scandal. Here are the…
8Jul2009 | Investment U | 2 comments | Continued
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