Financial Suicides : Madoff Investor Suicide.

by J.Crawford on December 24, 2008

NEW YORK – “He was a distinguished investor who traced his lineage to the French aristocracy, hobnobbed with members of European high society and sailed around the world on fancy yachts. But after losing more than $1 billion of his clients’ money to Bernard Madoff, Rene-Thierry Magon de la Villehuchet had enough. He locked the door of his Madison Avenue office and apparently swallowed sleeping pills and slashed his wrists with a box cutter, police said.

A security guard found his body Tuesday morning, next to a garbage can placed to catch the blood.”

END OF QUOTE.

This story shocks me, it invites me, and it talks to me.

Condolences to the friends and families affected.

I’ve been in a place when who I was was what I did, what I had, and who people thought me to be. I felt, thought, and wondered in the same direction that this gentleman choose to trod.  I gather wisdom, lessons, and insight from what I read and experience, and learn.  Here are some today:

Suicide

Materialism is deadly. Is the thought when sliding the waste basket closer, one of respect for the people who clean or acknowledging the “value” of the wooden floors. Does it matter?  And is it the shame and sorrow felt for letting others down that brings this gentleman to choose this path or the prospect of a life change that is intolerable?

I know of many people who have taken this path due to financial situations and circumstances. Unwillingness. Intolerance.  or… Acceptance, humility. Is that the choice?

Wisdom Gained: Or more rightly, validated… Don’t outsource something of life/death importance.  I don’t intend to challenge the “investment” strategies of anyone, but investing in a knowledgeable field that is capable of self execution is a great option. Investing in the knowledge needed to accomplish this would bring the greatest returns, not only in dollars, but in piece of mind. 

Again Condolences….

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