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I Like This Quote From Alan Abelson!
By JLP | December 23, 2008
For some reason I got the December 15th issue of Barron’s today (I got the December 22nd issue on Saturday). Anyway, Alan Abelson’s column ($) was about the Madoff fraud. I like this quote from his column:
What Madoff’s investors lacked in numbers, they more than made up in wealth. Which proves that cupidity and stupidity are as rife among the rich as among us peons.
Reminds me of what I wrote last week.
Topics: Investing | 5 Comments »
December 24th, 2008 at 12:28 am
What’s with the “…us peons” bit?
I think Abelson dost protest too much.
December 24th, 2008 at 8:50 am
poor boomer,Agree.
December 26th, 2008 at 5:25 am
Aha, they are cupid and stupid. Sounds not only truly but like a kind of poem
December 26th, 2008 at 11:31 am
That’s a great quote. Mega-rich obviously doesn’t equal mega-smart, of course, neither does mega-poor equal mega-integrity.
December 29th, 2008 at 1:39 pm
Cupidity is my new word of the day. Thank you.