Scam or Investing Opportunity? Why Smart People Fall for “Obvious” Scams

Investment opportunity or scam-FINAL

In August of 2000, the energy company, Enron, posted a peak stock price of $90.75 per share. At the time, Enron was one of the largest companies in the United States. It wasn’t an “obvious” shady scam; everyone thought it was a great investing opportunity.

With over 20,600 employees and headed by executives with impressive resumes, Enron was dubbed a “darling of Wall Street” as the stock only seemed to go up.1Source: Time

But all that ended when Enron’s executives were found to be committing accounting fraud. And the stock price dropped to $0.26 per share in November 2001.2Source: Jct.gov

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The Matthew Effect: Why the Rich Get Richer

matthew effect re-inforcing loop

When I was in my teens and twenties, I always thought the world was unfair. 

How can the world be fair if the rich get richer and the poor get poorer?

Enter: The Matthew Effect.

The Matthew Effect, also known as the principle of accumulated advantage, is not only a platitude; it’s a scientifically recognized phenomenon that has been studied by sociologists and economists.

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Strategic Opportunism: How to Thrive in an Unpredictable World

Strategic Opportunism

My next book, The Stoic Path to Wealth, was supposed to come out in February 2024.

But my publisher decided to push it back to July 2024. When I heard about the new publishing date, I already started with the marketing strategy for the new book.

I quickly adjusted and immediately started creating a new strategy with the new timeline in mind. I also began recording the audio version of my third book, Do It Today.

This is quite ironic, but I actually procrastinated on recording the audio version of my own book about overcoming procrastination.

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