[jonnyss]

madoff aside, if he had read markets very skillfully, he could have put his 21 million in the nasdaq qqq in 1998 at 50 and sold it in 2000 at 120. he'd then have about 50 million.
if he'd reinvested in late 2002 at 21 and sold in 2007 at 55, he'd have about 125 million
if he'd reinvested in late 2007 at 26 and sold in december 2021 at 400, he'd have 2 billion.

so before we consider him a fool, how many of us got all those calls right and now have 100 x what we had in 1998? not i.

[jonnyss]

madoff aside, if he had read markets very skillfully, he could have put his 21 million in the nasdaq qqq in 1998 at 50 and sold it in 2000 at 120. he'd then have about 50 million.
if he'd reinvested in late 2002 at 21 and sold in 2007 at 55, he'd have about 125 million
if he'd reinvested in late 2007 at 26 and sold in december 2021 at 400, he'd have 2 billion.

so before we consider him a fool, how many of us got all those calls right and now have 100 x what we had in 1998? not i.