The best part of Bernie Madoff's grift, in my opinion, is that it follows the notion that "you can't cheat an honest man". No one had any legitimate idea for h

The best part of Bernie Madoff's grift, in my opinion, is that it follows the notion that "you can't cheat an honest man". No one had any legitimate idea for how Bernie could beat the market by such an amount and so consistently, and yet they still invested. They must have thought that he was insider trading or suspected that it was a Ponzi. Roughly half his investors made money by cashing out, which is not something you'd usually do if you thought the fund was legitimate.