Tuesday, June 30, 2009
How to Tell a Madoff From a Buffett
As we take in the 150-year prison sentence of disgraced financier Bernie Madoff, many questions remain regarding the up-to-$65 billion Ponzi scheme he masterminded. For investors, however, the episode raises one question that supersedes all others: How do I avoid investing my money with a fraudster?
For example, imagine that a friend of yours tells you that he has money invested with a bright young money manager who is doing very well for him. He suggests you consider putting some money with this fledgling star. Intrigued, you make some inquiries and you're able to glean the following information...
Fool: How to Tell a Madoff From a Buffett
For example, imagine that a friend of yours tells you that he has money invested with a bright young money manager who is doing very well for him. He suggests you consider putting some money with this fledgling star. Intrigued, you make some inquiries and you're able to glean the following information...
Fool: How to Tell a Madoff From a Buffett
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