Friendly reminder, Bernie Madoff's ponzi scheme performed WORSE than the S&P500, he lured victims in with the promise of LESS ROI than would otherwise be achieved by the S&P500.What attracted his victims, was his promise that the ROI wouldn't diverge a lot, it would be 9%, 11%, 12%, 10% etc. Not the 7%, 16%, 8%, 13% of the S&P500.That's the "too good to be true" part, removing the volatility of the ROI.
he clients got scammed because they were jewish and jews just give other jews business even it it doesnt make sense
Same thing with Saylor
>>62398383jewish superpowers many such casesgod's chosenoak tree
>>62398413Truth nuke
Rich Jews would rather trust another rich Jew with lower ROI than the S&P (which is only lots of jews, but not all jews)
>>62398413>”Heh, it’s about who you know, not what you know. WAIT NOT LIKE THAT AAACK-“
>>62398413This. None of the jews he jewed were doing any kind of due diligence. The one whale who got out didn't even do so out of any kind of understanding of what was going on, he just wanted to do other things with his money and insisted.They just trust each other (dumb fucks).Anyway hedge funds and professional money managers typically all do worse than the S&P500, and some do better for a time before their performance returns to the mean. But it's a social club thing, and a social cachet thing. Saying you have a vanguard ETF is considered low class compared to having a personal financial wizard who isn't accepting new clients at the moment and who returns 1% more at a 5% fee that more than eats up the extra gain anyway.>That's the "too good to be true" part, removing the volatility of the ROI.No the too good to be true part was where he said he didn't lose money when the market did shrink. Quarter after quarter he reported positive returns even when the overall market was down to keep people from withdrawing. It was really obvious to the one guy who was paying attention, and to everyone else in hindsight. Founding member of the NASDAQ board btw lmao
>>62398383reminder this mother fucker ruined the METS and they never recovered
Did the US gov end up paying back all the Jewish people he scammed? Or did the Jewish government setup some kind of fund for the Jewish victims of his scam (using American tax payer money lol)I refuse to believe all those fellow Jews he screwed over actually ended up remaining screwed over. I know he got punished and his family got punished, but I would not be shocked if you tell me some the Jewish victims he got all got reimbursed in some way where as the goys did not.
The biggest tell that everyone should've picked up on was that you could sell but you weren't allowed to buy back in.
So? plenty of people buy into funds like that because they don't want the volatility
