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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: joefromspringfield who wrote (41586)	12/24/2008 12:28:19 PM
From: Midwest_Investor	2 Recommendations Respond to of 42834

>>>What about Mort Zuckerman? I heard he only lost about 10% of his "trust." Hell, I lost more than him this year on a percentage basis.

To: joefromspringfield who wrote (41586)	12/24/2008 8:08:38 PM
From: octavian	4 Recommendations Respond to of 42834

"Personally, I don't feel any more sorry for Madoff's "victims" than I do for those who poured 1/3 (or more) of their portfolios into the QQQs on Brinker's recommendation. Greedy people sometimes get sheared." joefromspringfield responded: <<What about Mort Zuckerman? He was like the poor folks who invested in the BJ Group. He gave his money to a fund manager and the guy placed it all with Madoff. The people in the BJ Group gave their money to Brinker and he put them in the QQQ's.>> --I have never felt any sympathy for anyone who invested in the BJ Group. I don't know the details about Zuckerman. Which fund manager did it to him? Was it a hedge fund manager? If so, then he deserved what he got, because only a fool would pay what a hedge fund manager charges (IMO). It's a bit surprising that Zuckerman would end up having money with Madoff, though, as Zuckerman is a very smart guy. It just goes to show what I've always said, which is that even the smartest among us sometimes make big mistakes.