Comments on: Bernie Madoff on the Modern Stock Market http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 09:08:51 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: mknowles http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133744 mknowles Tue, 16 Dec 2008 15:21:39 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133744 The title of the video on youtube is "The Future Of The Stock Market" and it was shot October 20, 2007, so the future they speak of is now. I thought the remarks about herd behavior in the stock market were interesting, also, someone said that people who provide capital are dogs - I guess that means their clients are dogs. Toward the end, the older lady (is it Muriel? The woman who bought her own seat in the 60's) she says she would like to see more transparency, especially for hedge funds, she wants to know how much they are leveraged. They also talked about some institutions being leveraged as high as 12:1 as if that was a high number (well, compared to 30:1...). The title of the video on youtube is “The Future Of The Stock Market” and it was shot October 20, 2007, so the future they speak of is now. I thought the remarks about herd behavior in the stock market were interesting, also, someone said that people who provide capital are dogs – I guess that means their clients are dogs. Toward the end, the older lady (is it Muriel? The woman who bought her own seat in the 60’s) she says she would like to see more transparency, especially for hedge funds, she wants to know how much they are leveraged. They also talked about some institutions being leveraged as high as 12:1 as if that was a high number (well, compared to 30:1…).

]]> By: the0ther http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133633 the0ther Tue, 16 Dec 2008 01:46:19 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133633 the sound of this guy's voice is like a water truck colliding with a vinegar truck. the sound of this guy’s voice is like a water truck colliding with a vinegar truck.

]]> By: albnyc http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133577 albnyc Mon, 15 Dec 2008 21:30:28 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133577 @Simon: Was thinking just the same thing! How Runyon-esque. @Simon:

Was thinking just the same thing! How Runyon-esque.

]]> By: Simon http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133574 Simon Mon, 15 Dec 2008 21:18:13 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133574 Madoff ...pronounced Made Off!!! . Madoff …pronounced Made Off!!! .

]]> By: SteveC http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133554 SteveC Mon, 15 Dec 2008 20:47:38 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133554 I can tell within 2 minutes these guys were full of shit. Amazing that so many wealthy people trusted their entire net worth with them. Rule 1: never invest in something you don't understand Rule 2: If something seems too good to be true, it probably is. I can tell within 2 minutes these guys were full of shit. Amazing that so many wealthy people trusted their entire net worth with them. Rule 1: never invest in something you don’t understand Rule 2: If something seems too good to be true, it probably is.

]]> By: retrogrouch http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133536 retrogrouch Mon, 15 Dec 2008 20:12:35 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133536 Did you get the emcee says 10% of stocks traded are going through this firm?! Did you get the emcee says 10% of stocks traded are going through this firm?!

]]> By: KJ Foehr http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133527 KJ Foehr Mon, 15 Dec 2008 19:45:26 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133527 What jumps out at me from the video is his emphasis on reducing the number of people involved in the trading process. The fewer people, the easier it is to circumvent internal controls, and to commit and hide fraud. He also advocates buy and hold, which, obviously, enables a ponzi scheme to continue. What jumps out at me from the video is his emphasis on reducing the number of people involved in the trading process.

The fewer people, the easier it is to circumvent internal controls, and to commit and hide fraud.

He also advocates buy and hold, which, obviously, enables a ponzi scheme to continue.

]]> By: blackbox http://www.ritholtz.com/blog/2008/12/bernie-madoff-on-the-modern-stock-market/comment-page-1/#comment-133506 blackbox Mon, 15 Dec 2008 19:04:39 +0000 http://www.ritholtz.com/blog/?p=12939#comment-133506 Seems like a nice guy, I wonder if I can get in on this... Seems like a nice guy, I wonder if I can get in on this…

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