Sunday, February 28, 2010

Honest Broker

I'm as big a fan of Jeff Bridges as anyone, but the piece in today's NYT doesn't add much to what we already know about the life and career. I was much more interested in this brief magazine interview with Harry Markopolos, the man who spent almost a decade trying to convince the S.E.C. that Bernie Madoff was a fraud.

Q: You actually began your career as a money manager in Boston who first noticed Madoff’s monkey business when your boss told you to try and duplicate his investment returns. You realized they were mathematically impossible.

A: Madoff was a competitor of mine, and I couldn’t compete against him because he was making up his investment returns, and I had to manage according to the market. It wasn’t a level playing field.

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