2009年1月6日星期二

吊詭

一直無花太多時間去深入追究報道馬多夫單新聞。

可能一開始覺得實在太傻太天真。

馬多夫就是利用最原始的層壓式投資方法,詐騙投資者﹐涉及五百億美元,相當三千九百億港元,構成史上最大宗嘅詐騙案。

可能正與Simon揣測一樣,馬多夫起初是希望能夠幹一番大肩,可惜在交易中唔好彩,蝕咗客戶嘅錢,但係其他投資者又繼續務名而來,令馬多夫欲罷不能,結果只好將新收到的本金,當係回報比返舊客。而新投資者嘅本金,又再當係盈利袋落其他人嘅袋,結果層層蓋層層,又比他過骨,不過真正的投資根本從來不存在。

「馬多夫」一層一層咁填氹,原本相安無事。直至海嘯後,有客戶要求贖回大筆投資,成個金字塔就冧咗。「馬多夫」亦出現財政困難,事件逐漸浮面,其實成件簡單之至,只是有人因為馬多夫的名氣,所以中招的也是非富則貴。

上周看CNBC,他們找來一個馬多夫投資者,投資了自己全數身家八百萬美元比馬多夫,結果當然是一無所有。成個訪問長約五分鐘,有趣的是就在沙灘旁進行,苦主似去渡假多過訴苦。(雖然他口中講到自己要瞓街,不過無咩說服力。)

這其實反映了今次事件的吊詭之處,就是愈有錢的人愈輸得多,反而一眾市民,只要能住自己分工,其實可以繼續消費使錢,因為他們一開始已經唔夠錢埋到馬多夫身邊、比佢有機會偷你啲錢。

說實在,不止馬多夫,今次海嘯不少受害人,也是非富則貴,由去年始現的Accumulator,到年底一眾雷曼苦主,本身也是家底豐厚,滿以為將錢放在安全地方,但現實告訴我們,根本沒有所謂「樂土」。

2 則留言:

匿名 說...

Investment (the place where you put your money) is not only a knowledge of how to increase your wealth, it is also a kind of risk management. Credit risks or counterparty risks, among others, are type of risks that can give rise to 100% total loss of your capital-typical example is Lehman's minbond and Madoff.
Assessment of such are sophisticated-quantiative and qualitative. For a response in a blog is too short to go into detail but you are welcome to discuss-SC

匿名 說...

Investment is not only ABOUT how to increase your wealth, it is also a kind of risk management. Credit risks or counterparty risks, among others, are type of risks that can give rise to 100% total loss of your capital-typical example is Lehman's mini bond and Madoff.
Assessment of such are sophisticated-QUANTITATIVE and qualitative. For a response in a blog is too short to go into detailS but you are welcome to discuss-SC