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A Skeptic Gets Fleeced

A guy who literally wrote the book on gullibility lost a bunch of money by investing with Bernie Madoff.  Here is his story.He lists a lot of reasons for why people are gullible.  He omits the most-important one: Ignorance of psychopathy and sociopathy.  Most people are still reeling, "How, Bernie, how?"  Indeed, the author of the book on gullibility has a Ph.D. in psychology, yet he writes:So should one feel pity or blame towards those who were insufficiently skeptical about Madoff and his scheme? A problem here is that the lie perpetrated by Madoff was not all that obvious or easy to recognize (in fact, it is very likely that Madoff?s operation was legitimate initially but took the Ponzi route when he began to suffer losses that he was too proud to acknowledge)...continue to full post

Full post as published by Crime & Federalism on December 26, 2008 (boomark / email).