‘Bernie Madoff was selfish, we say. But was he really?’

Walter Hudson writes:

Did his scheme work out for him? Did it serve his rational self interest? Even before he was caught, even while he enjoyed the loot he plundered from his many marks, could he rest easy? Could he feel proud of his accomplishments as a man, or did he have to distort or mute his rational sense in order to live with himself?

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In fact, the really selfish and greedy ones were Maddof’s “victims”.

They wanted easy money, fast, and stupidly bet their life savings that he could deliver them impossible returns. This kind of “gnostic investing” is just as heretical and therefore poisonous as gnosticism of any other kind.