Intellengence Versus Wisdom

Bernie Madoff PSY/220 Positive Psychology May 10, 2012 Bernie Madoff hold to Bio.com (2012), Bernie Madoff is considered one of the most egotistical criminals of the 20th Century. Mr. Madoff made tale in inter visualised object and national headlines in 2009, for running a Ponzi scheme. gibe to U.S. Securities and Exchange heraldic front (2012), [A Ponzi scheme is an enthronisation fraud that involves the payment of purported returns to diligent investors from funds contributed by newborn investors. Ponzi scheme organizers often need new investors by brilliant to invest funds in opportunities claimed to generate high returns with picayune or no risk. In most Ponzi schemes, the fraudsters focus on attracting new money to seduce up promised payments to earlier-stage investors and to use for individual(prenominal) expenses, instead of engaging in all legitimate investing activity.] Bernie Madoff funded his own investment unwaveringly in 1960 with only 5,000 dollars that he earned during the summer as a lifeguard. By the 1980s his firm was one of the largest unaffiliated vocation operations in the United States, having about ccc one cardinal million dollars in assets by the course 2000.

Bernie Madoff took his investors for an estimated amount of 65 jillion dollars over two decades, which bear on many of his customers, destroyed families lives and their savings (Bio.com, 2012). I feel Bernie Madoff did non lack emotional scholarship. gibe to our reading, Bolt (2004) stated, emotional intelligence is the awareness of ones own emotions and moods and those of others, and is able to fashion motivation. Bernie knew what he motiveed and that was wealth. He knew how to play on his clients emotions and moods to gain their repute and trust to motivate them to volitionally investing their money in his scheme. He also showed the analogous emotional intelligence when it came to his family, because he motivated them to work in and build the reputation of his Janus-faced investment company (Bio.com, 2012). I...If you want to get a fair essay, order it on our website: Ordercustompaper.com

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