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mary wynne-wynter › Likes
To me, getting info from the new Friendfeed is a lot like that scene in Rocky where he has to catch the chicken.
mary wynne-wynter and Morton Fox liked this
What Financial Crises Reveal About the Real Nature of Money - http://blog.stealthmode.com/2008...
Nicholas James, Robin Barooah, Ciaoenrico and 7 other people liked this
Interesting, Francine, that you added the descriptive of "jewish" to Madoff. Why did you consider that relevant?
- eggsy
The charities that were destroyed were not about "attachment." Greed begets gambles. It is not for nothing Madoff is called a "confidence man."
- Phil Boiarski
Too often, the concept of money is implied or simply stated as "money = value." A more useful (and technically accurate) concept is "money = motivation." We need more people like you who find motivation outside of money.
- Adam Collins
Hmm. To the extent that value (or motivation) is fungible, then money = value (or motivation). To the extent that fungible things can be traded, it is useful to have an abstract medium of exchange. But not all value and motivation is, in fact, fungible.
- Michael R. Bernstein
I look at it slightly differently. When generating money you control is your intended outcome - you make bad choices. I prefer to focus on the outcome and assume that if I can achieve those, the money part just kinda takes care of itself.
- Brian Roy
Madoff's folly is exactly why spouse-the-investment-manager does not have any discretion over client funds. Every single transaction has to come from them. He may recommend, but no signing privileges. That way there is absolutely no question about where $ is, where it goes.
- Karoli
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