Barry Ritholtz on Madoff

By Got Shares? - K_Yew | March 8, 2010, 3:12 am

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As usual, Barry Ritholtz gets it right:

http://www.ritholtz.com/blog/2010/03/what-were-the-actual-losses-in-madoffs-fraud/

Love the example about the trillion dollars. Doesn't it seems that "trillion" will be 2010's word of the year?
About Got Shares? - K_Yew

Bottom line about the way I think: we are born the same, but create patterns over time based on our lives that make an open mind less of a possibility. The key is to try to place yourself in different situations as much as possible to shock your system and force it to think differently; otherwise, the brain's natural course will be to calcify the patterns it picks up from limited local experience and the media, instead of reality.
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