4 ms·
I feel zero sympathy for the family that invested $1 million (or anyone else in this story). You should know exactly why the returns are so high before you go
by jmtame 18y ago
I feel zero sympathy for the family that invested $1 million (or anyone else in this story). You should know exactly why the returns are so high before you go and dump millions into a single investment. Nothing in life comes easy or free.
Another example of irresponsible decision-making. Maybe we should bail them out, because they need help.
- lnguyen 18y agoI Knew Bernie Madoff Was Cheating, That's Why I Invested with Him (http://finance.yahoo.com/tech-ticker/article/145115/I-Knew-Bernie-Madoff-Was-Cheating-That%27s-Why-I-Invested-with-Him http://finance.yahoo.com/tech-ticker/article/145115/I-Knew-B...)
- sethg 18y agoIsn't "make the mark think that he's on the inside of some shady but profitable deal" one of the classic cons?
- agotterer 18y agoThats really inconsiderate... There a lot of people who are completely wiped out because of this. Not everyone was a high net work individual that lost money. For example there are more then one charitable organizations that closed their door Friday and plenty of average folks who just lost their retirement money and more. Its really easy in hindsight to say the returns are unrealistic and everyone should have realized. But some of the most intelligent investors around missed this one. Some investors saw physical returns for the last 10 or 20 years, you try and wake up one morning and say its all false.
- jmtame 18y agoI'm not really referring to the long tail. I was referring to the $1 million dollar investment in particular, and anything similar.