‘Merkin held himself out to be an investing guru…In reality, Markin was but a master marketer,’ Mr. Cuomo said in the complaint
Quotes
Comparing skating to other sports
Skate Canada is encouraging skating officials and athletes to use words such as ‘strength’, ‘power’, ‘speed’, and ‘risk’ when describing the sport. Team members
Corruption of sport by business
Scam artist R. Allen Stanford paid the winner of a single cricket match $20M in Antigua.
Juvenal
Panem et circenses ‘bread and games’ this was the basic formula that Roman rulers used to control the discontent of the masses.
Harry Markopolos, On trying to nail wall street fraudster
Some people play fantasy sports, that was how it was with us – Madoff was our fantasy sport.
Tom Cruise
I don’t want to be what people want me to be. I’ve had my own challenges, and no matter what, I think, ‘How do
Consumers want everything for free
Usually, when an industry runs into the kind of trouble that Levitt was talking about, it’s because people are abandoning its products. But people
Operating earnings as mulligan golf; forgetting about the mistakes. Also, Madoff’s golf score showed the same kind of fraudulent consistency as his investment returns.
Beating the S&P
If you think that you can outperform the S&P 500, you’re basically saying that you have truly extraordinary alpha-generation abilities. Most people are happy
Football coach severance package
Tommy Bowden, coach of Clemson, paid 3.5 million plus rest of season’s salary after he resigns in the middle of a disappointing season.