Don't fall for it : a short history of financial scams /

"Why does financial fraud persist? Why do rich people get taken advantage of in financial scams? Who are some of the most successful charlatans and hucksters of all-time and why were they so successful? What are the financial and business lessons we can learn from some of the biggest frauds in...

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Bibliographic Details
Main Author: Carlson, Benjamin Patrick, 1981- (Author)
Format: Electronic eBook
Language:English
Published: Hoboken, New Jersey : John Wiley & Sons, Inc., [2020]
Subjects:
Online Access:CONNECT
Table of Contents:
  • Intro
  • Don't Fall for It
  • Contents
  • Introduction
  • Chapter 1 No One Sells Miracles
  • Goats as Viagra?
  • Radio
  • The Placebo Effect
  • Correlation Does Not Imply Causation
  • Same as It Ever Was
  • Notes
  • Chapter 2 How to Sell Anything
  • The Count
  • Selling the Eiffel Tower
  • Everyone Is in Sales
  • Notes
  • Chapter 3 Fast Money
  • The Promise of Huge Returns with Minimal Effort
  • When Trust Goes too Far
  • Do Your Homework
  • Notes
  • Chapter 4 It's the End of the World as We Know It
  • Cognitive Dissonance
  • The Man Who Walked on Water
  • No One Knows What's Going to Happen
  • Why Pessimism Sells Better than Optimism
  • The Value of 'I Don't Know'
  • Notes
  • Chapter 5 Sleight of Hand
  • Bad Brad
  • A Magician Reveals His Secrets
  • Notes
  • Chapter 6 When Success Doesn't Translate
  • Defeated by Decency
  • Don't Try to Get Rich Twice
  • Notes
  • Chapter 7 When Fraud Flourishes
  • When There's an 'Expert' with a Good Story
  • When Greed Is Abundant
  • When Capital Becomes Blind
  • When the Banking Industry Gets Involved
  • When Individuals Begin Taking Their Cues from the Crowd
  • When Markets Are Rocking
  • When the Opportunity Presents Itself
  • When Human Beings Are Involved
  • When Innovation Runs Rampant
  • Notes
  • Chapter 8 The Siren Song of New Technologies
  • The Railway Napoleon
  • The Media's Role in a Bubble
  • The Other Side
  • The Silver Lining of a Market Crash
  • Notes
  • Chapter 9 The Seductive Power of FOMO
  • How to Create a Monopoly
  • The Roaring 20s
  • When the Tide Goes Out
  • Not a Ponzi but Close Enough
  • The Seductive Power of FOMO
  • Notes
  • Chapter 10 Type I Charlatan
  • John Law and the Mississippi Company
  • Speculation Is a Hell of a Drug
  • Pop Goes the Bubble
  • Type I and Type II Charlatans
  • Notes
  • Chapter 11 Type II Charlatan
  • The South Sea Company
  • Type II Charlatan John Blunt
  • The Bubble Act
  • The Echo Bubble and Dunbar's Number
  • Notes
  • Chapter 12 Fooled by Intelligence
  • Newton's Mania
  • The Problem with Smartest People in the Room
  • Why Smart People Make Dumb Decisions
  • Fooling Yourself with Complexity
  • Notes
  • Chapter 13 How Gullible Are You?
  • Ponzi versus Bernie
  • The Sacred Relationship
  • Notes
  • Chapter 14 The Easiest Person to Fool
  • Getting Rich versus Staying Rich
  • Shot out of a Cannon
  • The Biggest Fraud of All
  • Notes
  • Conclusion: Six Signs of Financial Fraud
  • 1. The Money Manager Has Custody of Your Assets
  • 2. There Is an Aura of Exclusivity in the Pitch
  • 3. When the Strategy Is too Complicated to Understand
  • 4. When the Story Is too Good to Be True
  • 5. When the Returns Are Ridiculously Good
  • 6. When They Tell You Exactly What You Want to Hear
  • Notes
  • Index
  • EULA