Pondering Madoff
December 23rd, 2008David Kotok is the chief investment adviser and writes a market commentary for Cumberland Advisors. I love anything that quotes the Mishnah:
“For this reason, man [i.e. the first human being] was created alone to teach that whoever destroys a single life is as though he had destroyed an entire universe, and whoever saves a single life is as if he had saved an entire universe. Furthermore [the first man was created alone] for the sake of peace among men, so that no one could say to another, ‘My ancestor was greater than yours.’”
Mishnah: Sanhedrin 4:5
Here is the link: David Kotok on Madoff
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December 24th, 2008 at 12:32 pm
Thanks for posting this. I really enjoyed Kotok’s article, but had never heard of cumberland before.
December 26th, 2008 at 3:03 pm
Cumberland is the name of the county Kotok’s firm is located in; hence the name of the firm.