Everyone looks at Bernie Madoff and talks about the criminal empire he ran. What about his clients?
He offered them a 9% return on investment when the rest of us were making 2-3.5% in best case scenarios.
When they collected the nine, they felt they were better and smarter than us. When
they lost it all they called upon us for sympathy.
What Bernie did was wrong, but so was the role of the investors.
When the deals too good to be true, it’s because it’s a con.