Actually, the returns Madoff was reporting weren’t all that big, they were just very abnormally consistent. It was regarded as a very safe and moderately high-yielding investment, not a way to chase super-high returns.
“Actually, the returns Madoff was reporting weren’t all that big, they were just very abnormally consistent. It was regarded as a very safe and moderately high-yielding investment, not a way to chase super-high returns.”
Yea - the guy was a genius in keeping the returns within reason. My only point was that it was still a guy...and not much more than his word on things. Yet, the people that I referred to didn’t need those extra yields, unless they HAD to have that piece of art.