Whenever my wife and I watch an episode of American Greed on CNBC, one of us always asks the other, “How could they think that they were going to get away with that?” I haven’t read Belfort’s book, but I’ve heard that it is more of a recollection than a reflection- only the when’s and what’s and not the why’s or how’s. I’d like to get inside the mind of these people to try and understand what they were thinking.
Norb Vonnegut
on 3 December, 2013 at 9:44 am
Anonymous, I’ve written about Ponzi artists, money launderers, and one guy who “marks on the close.” I think about motivations all the time. As best as I can tell, there’s a progression. First comes necessity, then justification, then repetition, then a certain fearlessness (think Madoff). These guys get good at what they do. But as the stakes increase, the fraudsters return to their starting points…”need.”
After several cycles, there’s often a sense of being overwhelmed. And if they reach a point where they express remorse, I’m not sure you can trust it.
Nathan
on 17 December, 2013 at 9:42 am
I guess their actions can only make sense to you, if you’re able to admit that they make no sense. The question isn’t so much what were they thinking, but more how were they thinking. And the answer is, illogically and irrationally.
Norb Vonnegut
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.
Whenever my wife and I watch an episode of American Greed on CNBC, one of us always asks the other, “How could they think that they were going to get away with that?” I haven’t read Belfort’s book, but I’ve heard that it is more of a recollection than a reflection- only the when’s and what’s and not the why’s or how’s. I’d like to get inside the mind of these people to try and understand what they were thinking.
Anonymous, I’ve written about Ponzi artists, money launderers, and one guy who “marks on the close.” I think about motivations all the time. As best as I can tell, there’s a progression. First comes necessity, then justification, then repetition, then a certain fearlessness (think Madoff). These guys get good at what they do. But as the stakes increase, the fraudsters return to their starting points…”need.”
After several cycles, there’s often a sense of being overwhelmed. And if they reach a point where they express remorse, I’m not sure you can trust it.
I guess their actions can only make sense to you, if you’re able to admit that they make no sense. The question isn’t so much what were they thinking, but more how were they thinking. And the answer is, illogically and irrationally.