I don't think I'm revealing some kind of horrific secret by telling you this here: Harris K./Praetorian completely blew up two years ago by overweighting himself in small cap mining stocks. We investors only got back about 20 cents on the dollar. He blew up, but he did it like a gentleman. I still think Harris is a first rate kind of guy who made an unfortunate mistake. I wish him only the best...
Yeah , I think so. Who ever bought the story that the sons didn't know? Just a matter of deconstructing whatever 'wall' they carefully tried to erect.
In the sixties, there was an instance of a cadillac pushed into sheepshead bay. there was a victim in the trunk with $5000 on his person. While I don't believe Mark was offed, it's not about money when they do it. . And no, sorry. No sympathy. When these guys were winning, there was absolutely no hubris, no empathy. take a look at that vid of Bernie pontificating at an SEC conference. The guy was nothing but a fraud - no chops. Just like the biggest hedgies. We all know they aren't that much smarter than the rest of us. They'll just do shit we can't do. No way you make those returns running that size honestly. But Bernie sat there so superior, so regal. There are few, and no one here I can see, who could do that. You have to be void of any moral fiber to run a scam of that magnitude, and be that egocentric. .
True. "As of now". But no one kills themselves for another's crime. He pulled millions. He was a broker. When I was a broker, I knew when and how I was being paid. When I dropped a ticket, I knew the gross, the payout, where I was as far as bonuses were. He didn't pull that dough not knowing. He knew exactly why and how he was paid. IMHO. He couldn't get work. WTF???!!!!!! He drew some 20mm$$$$$$ Know how many guys I know can't get work, and they never made 20mm? So what was his problem? Rejection? Take 5mm and do something with it. Or even work that charitable foundation. You made your money. Make something of your life. If he was innocent, and now I guess we'll never know since he won't be standing trial, he's one of hundreds of millions suffering who also are innocent. All of the guys here on these boards pull a living,or have an interest in, trading or investing. Guys like Madoff, Fuld, Blankfein, you name 'em, are threatening all you hold dear. They have to be whipped, fucked, and driven from the land, as a dear friend of mine is fond of saying.They have bastardized the process to the point where they have empowered the enemies of Capitalism. If we don't fight, and protect what we have, who will? This solution better come from inside the industry, and very quickly. Left to outsiders, there will be no industry. And I don't blame them. Tell you a quickie. I ran into a Wall Streeter. Guy was a total douchebag. Knew everything, was disagreeable, and we were trying to conduct some business not related to securities. So, I sat and watched and endured his belligerence. He embarrassed his wife to no end. He was retired, but I assumed that he was a higher up. When I got the chance, I asked him about the state of affairs, and he hung his head and uttered, "it's too late." I was struck about how humbled he was, if only for a minute. And I will tell you, that is the attitude of the higher ups at the firms. They know they screwed the pooch, and they knew it a while back. I believe they know their firms, at least in their current forms, are doomed. I think they are looting what they can. Remember on Wall St., nothing is forever, or even generational. You all know of Livermore. I knew a guy who knew Hutton, JH Bache, you name them, and he rode the elevator with them. They're all gone now, and so are the firms. A lot of these will be gone too. I am as much encouraged, as I was discouraged in 2005, that we have all these guys on the boards that have broken the code. If you don't fight for what is right, who will?
Right... he invested $750k in a Madoff hedge account and pulled $8 million a short time later. One of the accounts he held at Madoff had never held any securities of any kind and he magically earned a capital gain of something approaching $12MM.
Firetiger- damn u are a firetiger-excellent post -really good and necessary. But let me check with ts winston-perhaps u too had nothing good and it's best if u keep your mouth shut. Right tS. Your comments on the wife and 2 kids want to make me puke. You derangged fu.. You are worried the two young children wont have a dad to grow up with.. Hmmm will they have food? Gosh i hope so.. Do u realize how much your words offend me.......I'm close to believing u know "MARK" or the Madocks in some fashion...If not I believe you have great respectt and regard for them. Which one??? "Think what I want in private, but if I dont have anything nice to say dont say it at all." Now is this fu.... or what? Ok lets say I think you're a pedafile-and I dont-just using for discussion sake. Should I telll the police. Maybe not it wouldn't be nice to him for me to tell. But then again, it might be best for many young girls. HHmmm-dilemma If we were in a fox hole during warfare-- u wuld want me sitting right next to you--paying me to save yourr ass. Definition solved. You skeeve me dude. Talking as if u are a supporter, a lawyer for the family. Now now limbo-not guilty until proven innocent. im gonna stop now and hope not to talk to u again. { Please dont alter my post }