15 January 2009

The Answer to Scams is Trust More not Less

In this article by a leading expert on gullibility (who was taken in by the Madoff Ponzi scheme) comes to the surprising conclusion that the answer to having your trust betrayed is not to trust less, but trust more. Actually, trust more in a diversity of people so that when one of them betrays your trust then you have the strength of all the others to carry you through. The situation of losing one amongst many investments (financial, relational, or otherwise) is a lot less tragic than the situation of losing the only investment you have.

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