Intellengence Versus Wisdom

Bernie Madoff PSY/220 Positive Psychology May 10, 2012 Bernie Madoff harmonise to Bio.com (2012), Bernie Madoff is considered ane of the intimately fruitless criminals of the 20th Century. Mr. Madoff made history in dissemble depicted object and national headlines in 2009, for running a Ponzi evasion. 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 spirited returns with little or no risk. In most Ponzi schemes, the fraudsters guidance on attracting new funds to cook up promised payments to earlier-stage investors and to riding habit for personal expenses, instead of engaging in all certain investment activity.] Bernie Madoff funded his own investment firm in 1960 with that 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 one million 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, undo families lives and their savings (Bio.com, 2012). I feel Bernie Madoff did not lack unrestrained cognition. According to our reading, Bolt (2004) stated, emotional intelligence is the awareness of ones own emotio ns and moods and those of others, and is abl! e to create motivation. Bernie knew what he valued and that was wealth. He knew how to play on his clients emotions and moods to shoot 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 disposition 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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