The other evening I was chatting with an extremely sexy young woman involved in what is politely called the “Personal Finance” industry. She was trying to sell me on a fraudulent managed trust that was “certain” to return “at least” 15% a year.
It turned out to be a frustrating evening for both of us.
New varieties of this financial bullshit arise every day, and there are armies of salespeople pushing them. The simple truth, however, is that if any of these schemes actually worked, these salespeople would be investing in them rather then trying to sell them to us.
Most people selling these “investments” know very little about finance, investing or tax laws. And why should they? Their job is to part you from your money not to invest it. They are compensated based on how much money they can convince people to invest. How much money their clients make is completely irrelevant. It’s all perfectly legal, but it’s a scam.
Anyway, the interesting thing is that when most salesmen are called on their bullshit, they shrug it off and occasionally will even admit the deceptions before changing the subject to sports.
Saleswomen, on the other hand, seem to really believe their own bullshit. You can jokingly point out the deceptions, inconsistencies and outright lies in what the firm is saying (never what she is saying, of course), but they just keep at it.
Why is it that men are content to simply rob you, while women need to convince themselves they are actually doing you a favor? The end result is the same in either case, but they must get something out of this self deception.