Blackmagic
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RE: Why do super talented/capable people become criminals
I'm also a big fan of that American Greed show because I'm fascinated with how wealth is created, legally or illegally. I actually have more respect for the intelligence and business acumen of people that manage to build a drug empire, housing/mortgage scam, or some other illegal venture that manages to avoid being caught by the police over several years--until they get caught. Occasionally, I fantasize about being able to put something like that together minus the jail part.
A fuck buddy of mine has a brother that is a big time commodities trader that was recently charged with securities fraud/market manipulation for something like $50 million in trades. She obviously doesn't think he did it but what if he did? From what she tells me, he lives a very cushy lifestyle and has been in that game for about 15 years, but he obviously was very intelligent to be able to pick up on the game initially and eventually develop a strategy to win big outside the bounds of the law without detection for a long period of time.
Isn't this the American way? If you show an intelligent and ambitious guy a way to make $500k, he's going to want to turn it into $5 million, then $50 million. Ultimately, these guys are ego-maniacs, sociopaths, and greedy mofos but I would pay damn good money to have dinner with one of them and find out how their minds work.
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| 10-21-2013 06:04 PM |
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The Beast1
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RE: Why do super talented/capable people become criminals
(10-21-2013 06:04 PM)Blackmagic Wrote: I'm also a big fan of that American Greed show because I'm fascinated with how wealth is created, legally or illegally. I actually have more respect for the intelligence and business acumen of people that manage to build a drug empire, housing/mortgage scam, or some other illegal venture that manages to avoid being caught by the police over several years--until they get caught. Occasionally, I fantasize about being able to put something like that together minus the jail part.
A fuck buddy of mine has a brother that is a big time commodities trader that was recently charged with securities fraud/market manipulation for something like $50 million in trades. She obviously doesn't think he did it but what if he did? From what she tells me, he lives a very cushy lifestyle and has been in that game for about 15 years, but he obviously was very intelligent to be able to pick up on the game initially and eventually develop a strategy to win big outside the bounds of the law without detection for a long period of time.
Isn't this the American way? If you show an intelligent and ambitious guy a way to make $500k, he's going to want to turn it into $5 million, then $50 million. Ultimately, these guys are ego-maniacs, sociopaths, and greedy mofos but I would pay damn good money to have dinner with one of them and find out how their minds work.
Avarice and gluttany. Setting a goal is great, but it's never enough once you satisfy it. You'll always want more.
Got 100 lays? You'll want 200. It's whatever hunger you have.
I'll come clean to the forum, i have a raging inferiority complex that drives me. It's an itch and hunger i can't satisfy. I always want to be better and will take the slow steps neccessary to achieve greater goals. These guys know how to take risk and when to make a leap of faith. Calculated risk is excellent and fortune always favors the bold. If you can think silently about all of the variables that go wrong, mitigate them, and then jump you're light years ahead of everyone else.
From what i've seen, risk taking in business, life, sports, etc. is a trait that seems to be either a you've got it or not type of thing. Some people seem bent on never taking risk for whatever reason.
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| 10-22-2013 10:46 AM |
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WestIndianArchie
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RE: Why do super talented/capable people become criminals
When Madoff got caught I remember one really rich guy talking about how stupid he was. Madoff and the Indian dude were like the *only* people prosecuted and convicted for financial crimes during the financial crisis. Obvious Ponzi schemes must be easier to prosecute.
Yet somehow 34.4 trillions of dollars were lost.
In August, the scapegoat @ Goldman Sachs, Fabrice Tourre went up on Civil Charges, not criminal ones. Goldman had to pay 550 million. They're setting aside 2.4 billion to pay their employees, and 1.4 billion as profit to the corporation. 550 million was not a crippling blow, and best believe they'll probably finance it.
Super talented and capable people commit all sorts of acts that would be considered crimes if we were to take our blinders off.
I'd say there's a machinery of crime in lots of industries where smart people are put to use. Either the activities have been white washed enough, qualified enough, that they aren't considered crimes. They're in an area where the crime is only something mandated by law (like a speed limit), not a natural crime ( like murder). Or they're so far ahead of the curve that what they're doing hasn't been discovered by the authorities.
WIA
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| 10-22-2013 10:52 AM |
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samsamsam
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RE: Why do super talented/capable people become criminals
(10-22-2013 10:46 AM)frenchie Wrote: (10-21-2013 06:04 PM)Blackmagic Wrote: I'm also a big fan of that American Greed show because I'm fascinated with how wealth is created, legally or illegally. I actually have more respect for the intelligence and business acumen of people that manage to build a drug empire, housing/mortgage scam, or some other illegal venture that manages to avoid being caught by the police over several years--until they get caught. Occasionally, I fantasize about being able to put something like that together minus the jail part.
A fuck buddy of mine has a brother that is a big time commodities trader that was recently charged with securities fraud/market manipulation for something like $50 million in trades. She obviously doesn't think he did it but what if he did? From what she tells me, he lives a very cushy lifestyle and has been in that game for about 15 years, but he obviously was very intelligent to be able to pick up on the game initially and eventually develop a strategy to win big outside the bounds of the law without detection for a long period of time.
Isn't this the American way? If you show an intelligent and ambitious guy a way to make $500k, he's going to want to turn it into $5 million, then $50 million. Ultimately, these guys are ego-maniacs, sociopaths, and greedy mofos but I would pay damn good money to have dinner with one of them and find out how their minds work.
Avarice and gluttany. Setting a goal is great, but it's never enough once you satisfy it. You'll always want more.
Got 100 lays? You'll want 200. It's whatever hunger you have.
I'll come clean to the forum, i have a raging inferiority complex that drives me. It's an itch and hunger i can't satisfy. I always want to be better and will take the slow steps neccessary to achieve greater goals. These guys know how to take risk and when to make a leap of faith. Calculated risk is excellent and fortune always favors the bold. If you can think silently about all of the variables that go wrong, mitigate them, and then jump you're light years ahead of everyone else.
From what i've seen, risk taking in business, life, sports, etc. is a trait that seems to be either a you've got it or not type of thing. Some people seem bent on never taking risk for whatever reason.
I appreciate your honesty.
I am all about cost benefit all day long. But I try to do it without the ego. I gotta imagine calculated risk taking gets blurred a lot and that is when people get caught. Very hard to constantly assess things as objectively as possible.
Fate whispers to the warrior, "You cannot withstand the storm." And the warrior whispers back, "I am the storm."
Women and children can be careless, but not men - Don Corleone
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(This post was last modified: 10-22-2013 10:59 AM by samsamsam.)
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| 10-22-2013 10:56 AM |
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El_Superbeasto
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RE: Why do super talented/capable people become criminals
Many rules and laws exist to preserve the social order. They tend to prohibit behaviors that would be the best option for the rational individual actor, but would be detrimental to all in aggregate. Smart, ambitious people are more likely to question things that others just accept, like their place in the world, or why they should be the person who takes one for the team. Add to this the observation that people at the top of the layer cake tend to get away with breaking the rules while they're vigorously enforced against those at the bottom, and they come to the very logical conclusion its all a giant fucking con game.
It's like this:
You have people at the top who don't follow the rules, but need others to follow them so that they can stay at the top. They want you to think they do so you will as all, but they don't. Movies like "Eyes Wide Shut", "The Rules of Attraction", and "American Psycho" do a pretty good job depicting the moral degeneracy of this class. They are not the ones taking one for the team. The middle is where you find the true believers. Many buy into the bullshit that the people on top are selling them, but underlying that is the contentment with their position thus they want to maintain the social order. They're the ones willing to take one for the team. At the bottom shit is bad, so people try to move up by any means necessary. They're not interested in playing their position, hence the especially vigorous enforcement laws on the lower classes. They're the ones being forced to take one for the team.
Here's an analogy. There's a bank window. If everybody bum rushed it, it would be chaos, and on average people would get served more slowly. So everybody agree to form a line. You have a few people who are slick enough to start a conversation with someone at the front of the line, cut in and say, "I was actually here earlier and my friend was just holding my spot." You have people in the middle who still benefit by everyone forming a line, but are dumb enough to buy the line from the guy who just cut in front of them. And you have the people in the back who are trying to bum rush the window (on avg they'd all be served faster if there was no line), but the people in the front and the middle of the line are like, "Hell naw! Security!!!!"
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| 10-22-2013 02:58 PM |
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Tytalus
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RE: Why do super talented/capable people become criminals
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| 10-24-2013 01:13 AM |
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Jean Valjean
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RE: Why do super talented/capable people become criminals
I think for the same reason others become surgeons, or computer programmers, or whatever. When you were in junior high school, didn't you pretty much know what careers interested you? With these guys, it just happens to be that their fascination is with crime. It's their calling.
I also think that everyone, even people who are supposedly "empaths," has a selective ethical code. Everyone is apathetic toward certain kinds of suffering. Those whose ethical code deviates from the norm in a way that society frowns on are labelled as "psychopaths," but this has little to do with how much suffering they actually cause. A cop or a soldier may cause quite a lot of harm, but can always say, "It's fine as long as the government allows it. This is just part of the normal functioning of the system." As long as they don't break the law, no psychologist will ever label them a psychopath.
I knew a guy who worked as a loan officer and a credit repair guy, both of which seemed to bother his conscience. It troubled him that he helped wreck the economy through subprime lending, and that he helped game the system by finding loopholes that would let people escape the consequences of defaulting on their debts. But when he turned to crime, he didn't seem to have a problem with ripping off Wal-Marts, setting up ATM skimmers, creating fake IDs, scamming people through pyramid schemes, etc.
Perhaps the way he looked at it was that undermining an entire system on which society depends is wrong, but using his intellect to outwit people and rip them off in ways that they could've prevented if they had been smarter was fine.
(This post was last modified: 05-17-2017 07:51 PM by Jean Valjean.)
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| 05-17-2017 07:50 PM |
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