Bernie Madoff a "Singular Visionary"

Sure, we all have a thing or two to say about Bernard Madoff. But Diana Henriques of the New York Times, who knew Madoff for 20 years, reminds us that he was also a "visionary" who understood the financial industry well as anyone in the field.

She believed him as much as his clients. And why not? Madoff recognized how computerization and globalization would affect the trading of stocks in the nascent days of the World Wide Web. He was on the vanguard, and that he could carry out a fraud of this dimension, Henriques says, "stunned" her.

David Alm
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Posted on 07/01/09 in Hard Times

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Bernie Madoff a "Singular Visionary"

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