Ben was smart enough not to invest without researching. He listened to their sales pitch, asked questions and then went to the guys he trusted (from experience with them) to discuss it.
Finally, he decided that he needed more information, so he went to some other folks he met and discussed with them whether it's replicable. Madoff's pitch was really a technical anomoly and so it should be able to be replicated.
If it could be, then why share 2% with the 'bankers'. If it couldn't, then it was obviously a scam.
Kudo's to Ben to at least do the type of research and brain trust discussions before blindly investing his money.
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Gee... or you could look at it like this...
Dec 29 09:24 am
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+12
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All Comments by mikeylikesit41 »Ben Stein Watch: December 28, 2008 [View article]
Ben was smart enough not to invest without researching. He listened to their sales pitch, asked questions and then went to the guys he trusted (from experience with them) to discuss it.
Finally, he decided that he needed more information, so he went to some other folks he met and discussed with them whether it's replicable. Madoff's pitch was really a technical anomoly and so it should be able to be replicated.
If it could be, then why share 2% with the 'bankers'. If it couldn't, then it was obviously a scam.
Kudo's to Ben to at least do the type of research and brain trust discussions before blindly investing his money.