An interesting article I read yesterday talks about how many people become rich by being high in psychopathic traits—think Bernie Madoff. You can read the entire article here, but I like the paragraph below.
Wilkin has determined that behind almost every great fortune, there lies what he calls a ‘wealth secret’. This is a piece of knowledge or a technique that, while not exactly criminal, certainly skirts the customs of the time, and possibly the laws as well. All of them, he says, involve ‘some sort of scheme for defeating the forces of market competition’. Many involve legal manoeuvrings or the exercising of political influence. Boldness and fearlessness are a given. Mild psychopathy probably helps, too. (The bolding is mine)
Want to be rich? It helps if you’re a psychopath: Economist reveals common factors among the world’s wealthiest people
- Sam Wilkin is an economist and has been studying the very rich
- Puts his life’s work into a new book, Wealth Secrets of the 1%
- Uncovers common factors among relatively small number of people