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Bernard Madoff Quotes: You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.
         

You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.


Bernard Madoff
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"Bernard Madoff Quotes." Quoteslyfe.com, 2024. Sun. 28 Apr. 2024. <https://www.quoteslyfe.com/quote/You-had-a-lot-of-novice-investors-408083>.





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Other quotes of Bernard Madoff


Today, basically, on Wall Street, the big money is made by taking risks.

Today, basically, on Wall Street, the big money is made by taking risks.



The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.

The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.



It's a proprietary strategy. I can't go into it in great detail.

It's a proprietary strategy. I can't go into it in great detail.



In today's regulatory environment, it's virtually impossible to violate rules.

In today's regulatory environment, it's virtually impossible to violate rules.



The whole government is a Ponzi scheme.

The whole government is a Ponzi scheme.



In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.

In today's regulatory environment, it's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time.



Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.

Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.



The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.

The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.






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Quote Description


This page presents the quote "You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.". Author of this quote is Bernard Madoff. This quote is about running, investors, money, regard, easy, fundamentals, greed,.