Why Madoff didn't tried a passive strategy, like buy-and-hold, covered-calls, etc?
- Thread starter crgarcia
- Start date
If you're too busy, then don't start threads. You are engaging people for replies by starting threads and then aren't around to chat. It's kinda rude actually. Someone takes the time to answer your questions and you are "too busy" for them.
The only reason I bring it up is I am hard pressed to find 3 other people on ALL of ET who start more threads than you.
The only reason I bring it up is I am hard pressed to find 3 other people on ALL of ET who start more threads than you.
Why buy T-bonds and actually placing trades when he could be buying a yacht/jet and sailing/flying to his Chateus around the world? Trading is for suckers. :eek: Madoff is beyond that, he thought he could sustain the Ponzi until he died...then he wouldn't have to worry about it. Too bad that damn recession got in the way. Even getting caught at 70 years old, he's had decades of indulgence and wealth on OPM.
Yeah, I've got to agree this is a pretty stupid thread. The whole premise of finance is trust, and Madoff will go straight to the depths of hell right to the bottom of Dante's Inferno next to Judas Iscariot.
Why didn't he? Gee, maybe because he was scamming people the whole time, and had to keep up appearances. His best out would have been claiming to have bought CDO's. But, hey, it's easy to lose money. One day you just overleverage yourself until you have no money left. That much is true.
Crgarcia has started many retarded threads, and he's not even relevant to anything I follow. Mindless posting doesn't get anywhere, especially posts so unsubstantial that they do not reflect even a professional command of market knowledge and finance. It's laughable to say he's the most important.
Why didn't he? Gee, maybe because he was scamming people the whole time, and had to keep up appearances. His best out would have been claiming to have bought CDO's. But, hey, it's easy to lose money. One day you just overleverage yourself until you have no money left. That much is true.
Crgarcia has started many retarded threads, and he's not even relevant to anything I follow. Mindless posting doesn't get anywhere, especially posts so unsubstantial that they do not reflect even a professional command of market knowledge and finance. It's laughable to say he's the most important.