- This topic has 4 replies, 3 voices, and was last updated 8 years, 8 months ago by FlyerInHi.
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February 5, 2016 at 4:05 PM #21867February 6, 2016 at 11:28 AM #794044FlyerInHiGuest
Me too. The Allen Stanford story is pretty amazing.
So many suckers out there, There’s something attractive about flim flammers. People are willing to suspend disbelief and believe them.
Madoff was a big scandal but there are low level swindlers out there everywhere.
February 6, 2016 at 5:15 PM #794047AnonymousGuestFebruary 7, 2016 at 12:13 AM #794055equalizerParticipantWait, wait, don’t tell me.
Professor Jeremy Siegel at Wharton stated that “Investing in the latest hot technology stock is what Siegel calls the “growth trap”.
3. Investing in Fitbit? Venture cap guys pocketed $300M at IPO, retail investors sitting on 50-75% loss.
2. Maybe LKND, where price is back to IPO price around $100, but most retail investors got in at $130-175 and suffered 50% in last month alone. Insider sold only $30M. Not that smart.
1. Could it be IPO of GoPro at $25. No, the secondary offer at $75 that let execs cash out $600M, while retails investors are now setting pretty at $10 or 85% loss. Gotta love it.
I forget, it’s a “Random Walk Down Wall Street”, where future price movements are random. Translation – Insiders in their Bugatti’s and retails investors hitchhiking.
February 7, 2016 at 12:08 PM #794075FlyerInHiGuestI setup my Roku and watched all the news reports using the abc news app.
There was a lawyer who lost her savings but wasn’t resentful or taking it personally. She still is friendly to Madoff whom she calls in prison for her work recovering funds for clients. I think scaredy would be cool just like that.
Richard Dreyfus said that Madoff is the second most despicable man in America, the first being Dick Cheney whom he also played.
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