The Santa scam

Even Clusterstock hasn't even caught up with this one. Turns out parents have been in on the coverup for generations. Their kids grow up believing in the myth. They invest in “Santa,” and the Ponzi scheme continues.

Sometimes the kids transfer their belief to “Santa-proxies” like the stock market, the Internet, tulips or real estate.

Until Madoff I thought that Jewish kids were immune.

Stop the myth now. Tell your kids. They’ll be sadder now, but wiser investors down the road.