Latins Quiet About Madoff Losses
Source: http://randomroger.blogspot.com/2008/12/latins-quiet-about-madoff-losses.htmlPosted on Monday, December 29th, 2008 | In Market Commentary
Contributed by: Roger Nusbaum (http://randomroger.blogspot.com) -
a href=”http://online.wsj.com/article/SB123051003837638329.html”Latins Quiet About Madoff Losses – WSJ.com/abr /br /It is curious that so many banks and other institutional investors (including the feeder funds) were duped by the Madoff scam. It shows that as do-it-yourselfers try to learn and do a better job managing their portfolios mistakes and laziness occurs at the highest levels of finance. Obviously greed is an ingredient in there somewhere too.
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 About Roger Nusbaum (http://randomroger.blogspot.com)
Roger Nusbaum is a portfolio manager with Your Source Financial of Phoenix, and the author of Random Roger's Big Picture Blog, which has been profiled in several top business publications, including Barron's and Forbes. Nusbaum has also been a financial consultant with Morgan Stanley, an investment counselor with Fisher Investments and an institutional equities and options trader with Charles Schwab. He holds a bachelor's degree in economics from San Diego State University |
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