Thursday, December 18, 2008
Would I make a good “con man?”
I’m certain that, by now, the adventures of Bernard Madoff are inspiring lots of “wannabe” in America and around the world. From time to time, I ask myself, what should I do to have a more fulfilled life? It’s clear that over the years, I built a pretty good reputation and that, as a result, many people seem to trust me. I look serious and now that I’m over 60, with few and white hair and have been around to quite a few places, been in countless jobs and have a huge network of acquaintances. In a nutshell, I have what it takes to start a profitable fund. Unlike Madoff, I’d be more democratic and talk to a broader spectrum of individuals. I’d set the bar a bit lower, let’s say a minimum of $100,000. Like Madoff though, I’d save on administrative expenses and would just email the account balance when pressed by my client. My time will be better spent looking for tax-paradises and ways to maximize the funds’ holdings. What I would also do, is carefully plan my exit as well as my next off-shore refuge, just at the top of the next financial bubble; that way I won’t even have to hear your complaints and see your disappointment. Now, enough chatter; who wants to be my first investor?
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