The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.
The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'. - Bernard Madoff
The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.
- Bernard Madoff
All one great big lie. - Bernard Madoff
All one great big lie.
Today, basically, on Wall Street, the big money is made by taking risks. - Bernard Madoff
Today, basically, on Wall Street, the big money is made by taking risks.
In today's regulatory environment, it's virtually impossible to violate rules. - Bernard Madoff
In today's regulatory environment, it's virtually impossible to violate rules.
In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not… - Bernard Madoff
In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not…
It's a proprietary strategy. I can't go into it in great detail. - Bernard Madoff
It's a proprietary strategy. I can't go into it in great detail.
The whole government is a Ponzi scheme. - Bernard Madoff
The whole government is a Ponzi scheme.
The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no ze… - Bernard Madoff
The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no ze…
You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running o… - Bernard Madoff
You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running o…
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