Scams By Email

One of the fallouts of the death of distance and the phenomenal rise in Internet usage is the globalisation of a variety of scams that are ensnaring ordinary persons. These lures, with their myriad variations, land up in your email inbox in the form of tantalising announcements.

A few issues ago, MoneyLIFE discussed the Nigerian scam, which recently trapped a top consumer activist into...

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  • The Form-Filling Indian

    Investment regulations require more and more of form-filling, much of it useless. Here are some examples

    In matters of ‘form filling’ we are probably World champions. We do not mind filling up an endless number of forms, sometimes in alien languages, without any protest. Often, many columns in the forms seek mindless data. Here are some examples of what investors face when they invest in...

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  • ‘Egocentric Discounting’

    That’s what even so-called expert investors suffer from, bringing down their performance

    In 1979, the Texas legislature required the University of Texas to increase its intake of medical students from 150 to 200. These 150 had been selected by first short-listing the best 800 from the academic records of about 2,200 students and then calling the 800 for an interview with the admissions...

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