Stephen Diehl (@smdiehl) 's Twitter Profile
Stephen Diehl

@smdiehl

Left this hellsite for BlueSky.
bsky.app/profile/www.st…

ID: 151535146

calendar_today03-06-2010 16:38:26

34,34K Tweet

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Stephen Diehl (@smdiehl) 's Twitter Profile Photo
Stephen Diehl
@smdiehl

4 years ago

Investing in Madoff's fund would have been great for portfolio diversification. It was giving (paper) returns uncorrelated with the market swings in 1982-2002 time frame. Half of the people who invested with him didn't lose any money. Up until all those paper wins disappeared.