Tweets on talk by Harry Markopolos, Madoff whistleblower
Here are my tweets on today’s talk to the Boston Security Analysts Society by Harry Markopolos, the Madoff whistleblower and author of No One Would Listen.
- “This case was a global tragedy” said Markopolos. “It was beyond evil.”
- Madoff case is only in its 2nd innings, said Markopolos. There’ll be more arrests due to cooperating witnesses.
- CFA# Code of Ethics is important to Markopolos. “It’s about investors and doing the right thing,” he said.
- CPAs, is this true? CPA code of conduct lacks affirmative duty to report fraud.
- Lesson #1 for Madoff victims: 0-25% is proper allocation to hedge funds, said Markopolos
- Lesson #2 for Madoff victims: Never put all of your eggs in one basket, said Markopolos
- Markopolos book is a good road map for conducting due diligence, said Sam Jones of the CFA Institute’s board of governors.
____________________
The next session of “How to Write Blog Posts People Will Read: A Five-Week Teleclass for Financial Advisors” will start in April. For more information, sign up to receive “Information on upcoming classes, workshops, and other events” as well as my free monthly newsletter.
Copyright 2010 by Susan B. Weiner All rights reserved