(United States) CNBC’s “American Greed” and Crimes of Persuasion

  

One of the many things I have discovered in my investing career is that the percentage of dishonest individuals in the area of wealth creation is very high.  This is not to say that there aren’t many good honest hardworking people who do their best for their clients. Rather, the percentage of people who will steal or use deceit for their own purposes is much higher here than say the medical profession. 

Since there are so many scams out there and it is impossible to keep track of them all, I prefer to leverage my time by attempting to learn from other people’s mistakes. One of my favorite ways to do this is to watch CNBC’s American Greed which does a fantastic job of describing the historical and financial impact of past scams against investors. Many times, I catch myself watching reruns of the show because it does such an excellent job of explaining past deceits. I am not American business and I watch CNBC! 

Another useful tool I have found is the website http://www.crimes-of-persuasion.com/. This too has been instrumental in helping me past the latest or reused scam which exists. 

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