Only soulless people hire soulless portfolio managers.
A portfolio manager, like a lawyer or attorney, is really specific and takes a lot of selection. People choose intentionally.
Madoff didn’t work with 401ks. No one had their 401k funds with Madoff. It was all rich people using private hedge funds. Also, Madoff was a fraud, not an asshole.
It’s very different to harm people with adware infected, terrible apps than to run a Ponzi scheme. Madoff deceived his investors. Bendingspoons says exactly what they’re going to do and then does it. They aren’t deceiving anyone.
The jerk stockbrokers are all demand side. If people weren’t jerks they wouldn’t hire jerk stockbrokers. It’s a thing because people want it.
Only soulless people hire soulless portfolio managers.
A portfolio manager, like a lawyer or attorney, is really specific and takes a lot of selection. People choose intentionally.
Madoff didn’t work with 401ks. No one had their 401k funds with Madoff. It was all rich people using private hedge funds. Also, Madoff was a fraud, not an asshole.
It’s very different to harm people with adware infected, terrible apps than to run a Ponzi scheme. Madoff deceived his investors. Bendingspoons says exactly what they’re going to do and then does it. They aren’t deceiving anyone.
The jerk stockbrokers are all demand side. If people weren’t jerks they wouldn’t hire jerk stockbrokers. It’s a thing because people want it.