8 Quotes by Bernard Madoff

The whole government is a Ponzi scheme.

All one great big lie.

Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.

It’s a proprietary strategy. I can’t go into it in great detail.

Today, basically, on Wall Street, the big money is made by taking risks.

The person that is buying a share of stock is convinced he knows something that the other person who’s selling it to him does not know. There’s no zero sum game in Wall Street.

You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.

In today’s regulatory environment, it’s virtually impossible to violate rules.