Alberta Economist Counsels Victims of Bernie Madoff:
“We are all playing in a casino. But there is this opportunity to get back to understanding the language of Thomas Jefferson… that once material needs were met, then the pursuit of enlightenment, the pursuit of happiness was the ultimate objective.
“If we reflect on that, it takes us to a whole new place. America, I think, has some deep soul-searching to do.”
I think Mark Anielski is saying these investors were hoarding, thus exposed rather than truly diversified, and merely rich, rather than invested in a quality life.