Bernard Madoff Quotes
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The whole government is a Ponzi scheme.
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Today, basically, on Wall Street, the big money is made by taking risks.
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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'.
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All one great big lie.
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Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.
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It's a proprietary strategy. I can't go into it in great detail.
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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 on fumes.
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In today's regulatory environment, it's virtually impossible to violate rules.
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In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.
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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.
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