New York Investing meetup members in the Videosphere

The 'Helicopter Economics Investing Guide' is meant to help educate people on how to make profitable investing choices in the current economic environment. In addition to the term helicopter economics, we have also coined the term, helicopternomics, to describe the current monetary and fiscal policies of the U.S. government and to update the old-fashioned term wheelbarrow economics.

Video Related to this Blog: See body of blog.

There are videos online with people from New York Investing that are not produced by us. MSN Money has a series with insightful comments from group members Jason Tilliberg, Bob Rubin, and Steve Cheung. I myself have showed up questioning Bernie Madoff in a controversial You Tube video.

The MSN Money interviews were conducted several months ago before a meeting and what is posted online has changed over time. New York Investing meetup members participating in the interviews did a spectacular job, even obvious in the edited versions, and they deserve kudos. Unfortunately, MSN Money does not. MSN Money misidentified the name of our group, calling us the New York Investors meetup, instead of the New York Investing meetup. Despite this potential slander and requests on my part to fix it, the error persists. MSN Money also misidentified one of the interviewees and misspelled Steve Cheung's name. They have also refused to correct these errors as well. Adding misrepresentation to incompetence, the interviews have also been put into a bigger piece that recommends mutual funds as the way for investors to go - something that New York Investing is very much opposed to. Except for the interviews with Bob, Steve, and Jason, I don't recommend looking at anything on the MSN Money website. To find the interviews, click on 'Getting advice from an investing club' after going to: http://articles.moneycentral.msn.com/learn-how-to-invest/how-to-invest-1000.aspx?GT1=33014.

As for the video with me questioning Madoff, this took place in the fall of 2007. There was at a forum at the non-profit Philoctetes Center (now going bankrupt because it had much if not all of its money with Madoff) on technology in the stock market. Bernie Madoff was on the panel run by Times Magazine writer Justin Fox. In a recent blog of his, Fox admitted to meeting with Madoff at Madoff's request days before the meeting to discuss how the forum should be run. Toward the end, I asked a question about the Asian market bubble that I stated was about to blow up (which it did almost immediately thereafter). At the end of the question, you can see Justin Fox mumbling. Although this video doesn't have the answer, the question was deflected away from Madoff to another panel member. Perhaps just another example of how big media protected Madoff? I'll let you be the judge.

The video can be found on You Tube and is entitled, "Bernie Madoff on the modern stock market". The URL is: http://www.youtube.com/watch?v=auSfaavHDXQ. I am in the last minute or so of the video, so fast forward to around 32 minutes. There is supposed to be a longer version with the answer to the question somewhere on You Tube as well.

NEXT: The Euro, Oil, Retail Bankruptcies, and GMAC

Daryl Montgomery
Organizer,New York Investing meetup
http://investing.meetup.com/21

This posting is editorial opinion. Like all other postings for this blog, there is no intention to endorse the purchase or sale of any security.