Madoff Madness
The entire Bernie Madoff episode is rocking the financial world and shaking the confidence of already edgy investors. I have little sympathy for people who directly invested in Madoff funds because there was so much evidence to smell something was not quite right there. Here's the reference to one for the record. Malcolm Gladwell has written a lot about the perils of too much information with regards to the Enron scandal. This is another example of how we just ignore the fine print if the headline appears good. Little work and good sleep after a good game of golf is valued by all irrespective of the size of their paychecks.
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