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“It is much easier to scam people for billions than it is to scam them for millions”

Nassim Nicholas Taleb

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When people aim to deceive others for large amounts of money, it's often easier because they target big institutions or very wealthy individuals who might not notice the loss right away or have the means to recover quickly. For instance, large corporations handle so much money that losing a billion dollars might not be immediately obvious, making it easier for scammers to slip through cracks. On the other hand, asking for smaller amounts, like in the millions, draws more scrutiny because it's a noticeable chunk for smaller businesses or regular people, making them more cautious and alert. Think of it like this: If someone tries to steal a small amount from your bank account, you're more likely to notice it and take action quickly. But if someone skims a tiny percentage from a huge corporation's transactions, it might go unnoticed longer because the amounts are so small relative to their overall finances. This principle can apply to everyday life too. In relationships and personal dealings, people might let small lies or hidden motives pass without question, but they would be much more vigilant against big deceits. Applying this idea, it's crucial to stay vigilant even with large systems and institutions and not assume they are safe just because they handle a lot of money. Always monitor your own finances and be aware of where your money is going, no matter the amount, to protect yourself from potential scams.

Related tags
Crime Economics Finance Fraud Human behavior Investment Money Psychology Wealth
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