Bernard Madoff quotes
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“Today, basically, on Wall Street, the big money is made by taking risks.”
-- Bernard Madoff -
“In today's regulatory environment, it's virtually impossible to violate rules.”
-- Bernard MadoffSource : "Quotations", QFinance, October 20, 2007.
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“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.”
-- Bernard Madoff -
“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'.”
-- Bernard Madoff -
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“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 -
“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.”
-- Bernard Madoff -
“It's a proprietary strategy. I can't go into it in great detail.”
-- Bernard MadoffSource : "Books shed light on Bernard Madoff's shady activities" by Kerry Hannon, abcnews.go.com. September 17, 2009.
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“The whole government is a Ponzi scheme.”
-- Bernard MadoffSource : "The Madoff Tapes". Interview with Steve Fishman, nymag.com. February 27, 2011.
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“Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.”
-- Bernard Madoff
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