Intellengence Versus Wisdom

Bernie Madoff PSY/220 Positive Psychology May 10, 2012 Bernie Madoff harmonise to Bio.com (2012), Bernie Madoff is considered wizard of the most fruitless criminals of the 20th Century. Mr. Madoff made history in cover depicted object and national headlines in 2009, for running a Ponzi precis. According to U.S. Securities and Exchange heraldic bearing (2012), [A Ponzi scheme is an investment fraud that involves the payment of purported returns to active investors from funds contributed by new investors. Ponzi scheme organizers often bespeak new investors by promising to invest funds in opportunities claimed to generate heights returns with little or no risk. In most Ponzi schemes, the fraudsters strain on attracting new cash to cook up promised payments to earlier-stage investors and to ingestion for personal expenses, instead of engaging in all genuine investment activity.] Bernie Madoff funded his own investment firm in 1960 with unaccompanied 5,000 do llars that he earned during the summer as a lifeguard. By the 1980s his firm was one of the largest independent vocation trading operations in the United States, having about 300 one one million million million dollars in assets by the year 2000.

Bernie Madoff took his investors for an estimated amount of 65 meg dollars over two decades, which affected many of his clients, destroyed families lives and their savings (Bio.com, 2012). I feel Bernie Madoff did not lack delirious intuition. According 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 create m! otivation. Bernie knew what he cherished and that was wealth. He knew how to play on his clients emotions and moods to light upon their prize and trust to motivate them to willingly investing their money in his scheme. He also showed the same emotional intelligence when it came to his family, because he motivated them to work in and build the temperament of his two-faced investment company (Bio.com, 2012). I...If you want to get a honest essay, order it on our website: OrderCustomPaper.com

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