Don't Fall for It : A Short History of Financial Scams.

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.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.