Host Ira Glass speaks with Harold Wilshinsky about a piece of advice he gave to his daughter and son-in-law over 15 years ago: take your money out of the hands of Bernie Madoff, and diversify. Reluctantly, they listened to Harold, even though his son-in-law’s family was making a fortune investing with Madoff. But as history would have it, Harold would come out in the know. (8 minutes)
via This American Life.
Great episode of This American Life a few weeks back, just wanted to put a plug in for it - the prologue described above is amazing, hearing about 15 years of living in the shadow of your family telling you how big a mistake you made to take your money out of Madoff (they were making gobs of money) and poof, one day in 2009 everything flips.
The other stories are great too, especially the one on Bernie Epton who lost to Harold Washington in the race for Chicago mayor (Harold was the first black mayor of Chicago and if you don’t know went on to be quiet the mayor to say the least).
