The aptly named Bernard Madoff (read: "made off") becomes thenew icon for our melting down smoke-and-mirrors finance system. Theguy on the treadmill next to me in the workout room runs a mutualfund company. He tells me his ex partner had 95% of his assets withMadoff and poof its gone. At breakfast this morning, an exec whoruns a big appraisal practice shakes his head over all the friendshe has who put their eggs in company stock plans. And hewasn't talking about line workers at GM or Ford. He wastalking about senior investment people at Merrill Lynch and AIG.And then there was the guy I know who kept a large chunk of hismoney in Lehman stock despite leaving the company years ago. Wereany of the people managing other people's money readingInvestment Management 101 guides about asset allocation anddiversification?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.