Intellengence Versus Wisdom

Bernie Madoff PSY/220 Positive Psychology May 10, 2012 Bernie Madoff harmonise to Bio.com (2012), Bernie Madoff is considered star of the most(prenominal) fruitless criminals of the 20th Century. Mr. Madoff made history in screen depicted object and national headlines in 2009, for running a Ponzi intrigue. 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 risque returns with little or no risk. In most Ponzi schemes, the fraudsters center on attracting new property to cook up promised payments to earlier-stage investors and to character for personal expenses, instead of engaging in all legitimise investment activity.] Bernie Madoff funded his own investment firm in 1960 with so lo 5,000 dollars 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 gazillion 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, done for(p) families lives and their savings (Bio.com, 2012). I feel Bernie Madoff did not lack ruttish watchword. 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 motivation. Bernie knew what he precious and that was wealth. He knew how to play on his clients emotions and moods to actualise 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 composition 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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