It is a bit of a sad story and humorous at the same time. If you listen to a charity that lost out, it is sad. If you listen to someone who already had way too much money to know what to do with and was looking for more, it is humorous. So goes the Tail of the dog with a bone seeing his reflection in a pool.
Lets face it, there are some people in this world who have way too much money. If you take the average Joe in America and give him $65,000.00 a year, he can live a comfortable life with few worries. He would be considered upper middle class based on that pay. Assuming Joe lives to the ripe old age of 80 and allowing for modist inflation that comes out to be about $4,500,000.00 over 62 years from 18 to 80. Even $5,000,000.00 would be generous.
So now enter billionaires looking to increase their oversized personal fortune and they happen to meet someone named Bernard Madoff who says he can increase their fortune, and suddenly you see the humor.
The story of the dog and the bone goes like this. A dog has a big bone and is carrying it around. After a while the dog gets thirsty and goes to a clear calm pool to get a drink of water. When he arrives he sees his reflection in the pool and sees also the bone’s refection. Seeing as the dog was not exceptionally bright he decides to have not one but two prized bones. As the dog reaches to grab the second bone, he opens his mouth and the first bone falls into the water and he loses, it ending up with nothing but his own refection.
This childhood story speaks of a lesson about greed. It is amazing on how often we see this story repeated in real life. It does not matter what part of the world you are in, sooner or later someone will demonstrate this sorry story over and over again.
It seems to me that some people are just after money – period – no ambition beyond it other then accumulate accumulate accumulate.. Those people typically are the “greedy have nots or little” believing in miracles (or stealing their way to the top) rather than having to work for it.
To invest in “Madoff” became just a stupid investment decision – after some obvious warning signals.
To not use you money to accumulate more – is immoral – since only circulation of money provides wealth for all of us.