Bernie Madoff Quotes

Who is Bernie Madoff?

Bernard 'Bernie' Madoff was a hedge fund manager in Wall Street known for his Ponzi schemes.

Born April 29, 1938

Books by Bernie Madoff


Best 12 Quotes by Bernie Madoff

“Everybody thinks the worst of me. The only thing I’m happy about is I was able to help people recover. There’s nothing for me to change from. It’s not like I ever considered myself a bad person. I made a horrible mistake and I’m sorry.”

“I basically think everybody would be better off if people weren’t able to exert so much influence on politicians with money. Politicians themselves would probably prefer not to deal with them—both begging for and being beholden.”

“I certainly wouldn’t invest in the stock market. I never believed in it. Most people lose money because of the emotional difficulty involved.”

“In today's regulatory environment, it's virtually impossible to violate rules but it's impossible for a violation to go undetected, certainly not for a considerable period of time.”

“The nature of any human being, certainly anyone on Wall Street, is the better deal you give the customer, the worse deal it is for you.”

“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.”

“The whole government is a Ponzi scheme.”

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

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

“When I began my Ponzi scheme I believed it would end shortly and I would be able to extricate myself and my clients from the scheme. As the years went by, I realized that my arrest and this day would inevitably come.”

“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.”

On prison Quotes

“It’s actually very pretty. More like a college campus. Everything is provided for you.”

On prison

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“I landed in this country with $2.50 in cash and $1 million in hopes, and those hopes never left me.”


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