DIGG THIS I was once defrauded of $5. I’m glad. It was a very cheap lesson. It happened in the Soviet Union when my greed got the better of me. I thought I was buying roubles at a good rate on the black market. Instead, I was handed worthless Yugoslav notes that looked like roubles. My wife had told me not to buy them. Thinking back, I had no reason to be confident in the trader who offered the notes to me at half the going rate. I wanted to buy some items from a booth nearby, and his offer … Continue reading Madoff and Confidence