How Not to Get Conned

December 11, 2008 0 Comments

Some of the best con-men the world has ever known.

Sometimes Hustlers get confused with Conmen. Hustlers are ambitous while conmen are greedy. Hustlers hustle to provide, while conmen con to steal. But like everything in this world, there is always some way to avoid lifes dangers. Portfolio recently did a piece called “Con Ed” which interviews an expert con-man on, get this, how not to get conned. A must read for all Flawless Hustlers.

“Even in the best of times, it can be hard to tell the difference between honest error and outright deception. If a company misses its quarterly earnings number by a mile, it’s because of “unforeseen circumstances.” When a public offering touted as a sure thing corkscrews into the ground, the analysts who pumped it up cite “poor market conditions.” And when top executives of the late Lehman Brothers assured analysts that the bank’s “capital situation was strong,” even as they desperately sought money to avoid bankruptcy, C.E.O. Dick Fuld blamed an “extraordinary run on the bank” for giving him the lie. So how can you tell when you’ve gone from being mistaken to being simply taken?“ Read More.