Tuesday 16 December 2008

La société de Madoff mise en liquidation, des centaines de millions de pertes déclarées - Economie - Le Monde.fr

La société de Madoff mise en liquidation, des centaines de millions de pertes déclarées - Economie - Le Monde.fr

Woops- Ponzi is alive and kicking it seems. Everytime the very rich try and buck the market, whether it be investing in the loan sharking that was subprime, or trusting one of their own with their millions who promises he can beat the market it turns out that the old aphorism that you can't beat the market over the medium term kicks in. When will they ever learn, or does greed just short circuit all rationale?