I have one Madoff story.

In 2004 I visited Bernard Madoff and his son Mark to pitch to them on participating in a fund of funds I was trying to start that invested only in funds that made private investments in public equities. They weren’t interested – too much stigma attached to Pipes, and they wanted to stay clear of anything that could potentially hurt their reputation. (I marketed myself as having “cleansed” the Pipe space for investors but they didn’t want to take chances.) Strange things happen in strange times. And the survivors live to fight another day. But some don’t survive.