Andrew Madoff , the son of the convicted Ponzi schemer, lists $11M in personal property and $4.5M in improved real property.
It's all about low costs, a sensible strategy, and sound ethics.
Outperformance is increasingly unlikely.
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If Wall Street were really interested in having a total commitment to the long-term interests of its clients, it would embrace a fiduciary standard, but it does just the opposite.
Despite its regulatory failure in the Madoff case, FINRA may be rewarded with more oversight.
This week: The ECB tries to accommodate, JPMorgan is fined again, and 'liquid gold' gets scarce.