The best learning tool has long been OPM (Other People's Mistakes) because nobody can live long enough to make them on his/her own. The recent exposure of Bernie Madoff’s Ponzi scheme should be a good slap across the face to any investor.
From James B. Stewart of the WSJ – The Lessons to Be Learned From the Madoff Scandal.
From Jay Leno via NewsMax:
“Congress says they’re looking into the Bernie Madoff scandal. So the guy who made $50 billion disappear, is being investigated by the people who made $750 billion disappear.”
“His family says he suffers from multiple personality disorder. Apparently, every one of them is greedy.”