The Fraud Files

An interesting and quick read found via Santangel's Review showing the chart of one of the Madoff feeder funds.  Of course hindsight is 20/20, but looking at the chart of the Fairfield Sentry Fund is truly amazing...if it were real.  Cliche I know, but typically if things are too good to be true, then they are.  As Charlie Munger says, "There is no way to get rich with soft white hands."  Another quote that comes to mind is that of Richard Feynman which says, "The first principle is that you must not fool yourself - and you are the easiest person to fool."  I would imagine after being conditioned for decades of steadily upward performance, that one could start to believe in the viability of such "remarkable" performance. 


Sentry Fund Fraud Chart