First of all, it wasn't 14% every year. Second, other funds out-performed Madoff over ten-year periods - pick a decade. What Madoff "promised" investors was stable returns because he used a strategy that minimized risk--something about holding options on Fortune 500 companies. That's what set Madoff apart. There were years where other funds earned 30% but Madoff investors earned half of that or less. On the flip side when the same competitive fund earned 5%, Madoff investors got the ~same returns as they did before.
Originally Posted by Mongoose
You act like this is something new. The minute the Mets made the arrangement with Bonilla I understood the strategy. Ever hear of a compound interest calculator? When the Mets signed Santana, do you remember what Fred said about insuring Santana's contract? He said it was self-insured. Guess what he meant.
Last edited by Dugmet; 07-12-2014 at 08:44 AM.
You can teach fundamentals all day long...but you can't teach guys to step up. You can't teach guts and heart...You can run the game and run the bullpen. But it's up to the players." -- Wally Backman, 9/15/10