Quotes about deception

If you see fraud and do not say fraud, you are a fraud.

[In] economics... you can disguise charlatanism under the weight of equations and nobody can catch you since there is no such thing as a controlled experiment. Now the spirit of such methods, called scientism by its detractors, continued into the discipline of finance as a few technicians thought their mathematical knowledge could lead them to understand markets. The practice of financial engineering came along with massive doses of pseudoscience. (page 115)

Ramp hawkers were peddling “methods,” low priced sure-fire theories guaranteed to predict bottle twitches and beat the whole Minimax game. The hawkers were ignored by the hurrying throngs of people; anybody with a genuine system of prediction would be using it, not selling it.

Many religions lay out a set of precepts... and claim that these instructions were given by a god or gods. For example, the first code of law by Hammurabi of Babylon... was handed to him by the god Marduk... this is a bamboozle... a pious hoax. ...if Hammurabi had merely said, "Here's what I think everybody should do," he would have been much less successful...

One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we've been taken. Once you give a charlatan power over you, you almost never get it back.

It is one of the misfortunes of the rich to be cheated on all sides; what wonder they think ill of mankind! It is riches that corrupt men, and the rich are rightly the first to feel the defects of the only tool they know. Everything is ill-done for them, except what they do themselves, and they do next to nothing.

Cunning and deceit will every time serve a man better than force to rise from a base condition to great fortune.

Normally its narrow streets were crowded with stalls, and people from all over the Carpet. They'd all be trying to cheat one another in that open-and-above-board way known as 'doing business'.