Sunday, December 21, 2008

Madoff: As Consistent a Golfer as He Was an Investor

They say you can tell a lot about a businessman from his golf game. Perhaps golf partners should have paid more attention to Bernard Madoff’s handicap.

CNBC found records of Mr. Madoff’s golf scores from the Golf Handicap and Information Network. Between 1998 and 2000 Mr. Madoff registered 20 scores from games played at the Palm Beach Country Club, Atlantic Golf Club and Fresh Meadow Country Club. The score report is below.

INSERT DESCRIPTIONScreen grab from ghin.com.

Note how eerily consistent he was, even after not playing for an entire year from 1999 to 2000. The CNBC reporter Darren Rovell notes that Mr. Madoff’s handicap was a 12 — which is about the same return Mr. Madoff guaranteed investors.

Does this mean he cheated in these games? Not necessarily; perhaps he just didn’t report his less impressive scores to the association. Which also might not be entirely out of character, I suppose.

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.