One thing the Madoff thing has made clear to me, though I should have noticed before: It is not a good idea to grasp an investment opportunity which, even if only by implication, is being offered to you because you are the right sort of person. Of the right sort of status & position in life
Virginian Wade was a heroine of mine – proof that a girl was perfectly capable of studying mathematics at university. So when I read that her status & achievement had been recognised by an ‘invitation’ to become a Name at Lloyds I was suitably impressed – the reports stressed what an honour this was
Equitable Life was similar in that its problems were met with a kind of This sort of thing just does not happen to people like us – judges, senior BBC reporters, educated people
But then, who can we trust with our money?
