The untold story of the Madoff scandal, by one of the first journalists to question his investment practices

Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth?

The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up.

Arvedlund presents a...

The Eloquent Investor finally provides a categorized, diverse collection of clever Wall Street sayings that reads like a novel, not a dictionary. Importantly, it's a balanced compilation that rather refreshingly shows both sides of the conversation. This should be a staple for the desk of the business school student, investment practitioner, or anyone looking to add polish and wit to their Wall Street conversational ability.

It has been the public's perception that Madoff investors were all extremely wealthy and all belonged to exclusive clubs. This perception has been reinforced by the media and the powers that be. The truth is, with very few exceptions, such as Steven Spielberg, Jeffrey Picower and Stanley Chais-most were average, small time investors. They did not belong to exclusive private clubs or any other fancy clubs. They lived an average American life; they worked hard, contributed to society and saved for their retirement years. But in the end that was not enough. No one, it turns out, could protect...