txpenguin

Madoff: One Bad Apple Should Not Deter Investors

"One bad apple should not deter investors". Maybe so, but Bernie was one big apple.

The Shallowest Generation

Every generation has its own set of faults and problems. I am 59 years old, but if I recall my history correctly, it was my grandparents' generation who screwed up the economy in the 1920s and 1930s thereby bringing on the Great Depression. The greed, gluttony and sheer lawlessness of the Roaring 20s rivaled anything that came later. It was my parents' Greatest Generation who led the nation in the 1960s, a period that gave us the Vietnam War. That conflict was totally unnecessary and came very close to tearing America apart. The mistakes of presidents Johnson and Nixon gave us the runaway inflation of the 1970s and the devastating recession of 1972-1974. Now we are again in hot water with my generation justly being blamed for it. So what? Each generation strives to do the best it can, but human nature changes very little over long periods of time. There will always be those who are foolish and greedy. They are and have been in the minority, and we can only hope that such will be the case in the future.