14 Minute video - 60 Minutes Rewind. . .
Pure Math - Figuring out Madoff's >$50 Billion Ponzi Scheme
- Thread starter jcgriff2
- Start date
Mr. Math ova here. (Carmela Soprano accent)
- Aug 13, 2021
- 3,338
Clearly the SEC is not fit for purpose, and a lot of Madoff's investors would have done well to remember the old adage about not putting all your eggs in one basket.
As for gambling on / investing in the stock exchange (and let's face it, gambling is often pretty close to what it is), all I'll say, is you should never bet anything that you're not prepared to lose.
As for gambling on / investing in the stock exchange (and let's face it, gambling is often pretty close to what it is), all I'll say, is you should never bet anything that you're not prepared to lose.
I tell folks that if it can't be explained in under a minute you don't want to invest in it. A good example is derivatives.
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