'Gullibility' author says Madoff cost him money

KRDO ^ | 3 Mar 2009 | Dan Boniface

[AreaMan]

'Gullibility' author says Madoff cost him money

Associated Press - March 3, 2009 11:54 AM ET

LITTLETON, Colo. (AP) - A University of Colorado psychiatry professor who wrote a book on gullibility has turned his financial losses in the Bernard Madoff scandal into professional gain.

News of the scandal involving Madoff's alleged $50 billion Ponzi scheme broke just as Professor Stephen Greenspan's book the "Annals of Gullibility" was released in December.

The book deals with gullibility in literature and folklore and how to prevent it.

Rather than hide his $250,000 investment with Madoff, Greenspan wrote a lengthy essay about gullibility in financial scams. It ran in the science journal Skeptic and was picked up by The Wall Street Journal.

He now offers insight in interviews on the British Broadcasting Corp., National Public Radio and numerous other media outlets. Greenspan is mulling a second book.

Information from: The Denver Post, http://www.denverpost.com

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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[AreaMan]

I feel sorry for all those that lost their money with that lowlife Madoff, but this is almost funny.

[benjibrowder]

Yeah, the irony of it is pretty hilarious.

[Our man in washington]

I wonder if this author knows that the word gullibility isn’t in the dictionary.

[colorado tanker]

Hey, if anybody’s an expert on gullibility, it's this guy!

[ozzymandus]

It’s in mine.

[Our man in washington]

Did you think for a moment that it wouldn’t be?

This is a thread about gullibility, you see.

:)

(Our Man in Washington was just having his afternoon fun, and apologizes profusely.)

[ozzymandus]

D’OH! I’m so gullible. ;>)