Why it’s so easy for wealth managers to take us for a ride!

It’s an affinity crime.

Like Madoff, they prey on people like them, who knew people like themselves, who didn’t ask questions because their level of comfort with each other was so high that they felt they could take shortcuts.
They all validated one another.

Their confidence is what gave them even more confidence.
Success confers its own blindness,” says Brown. “Successful people believe they can get away with it

From the book, Willful Blindness by Margaret Heffernan


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