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Lessons in Leadership and Risk-Taking from Boomers

Home Blog Life Lessons from Bernie Madoff

Life Lessons from Bernie Madoff

While Bernie clearly Made-Off with thousands of people’s hard earned money and is now going to be spending the next 150 years in jail (not sure how that works), I think there are some important things to consider.

Brace yourself because what I am about to say may not be so popular to hear (especially for the victims)…but here it goes. We should thank Bernie for reminding us of some key life lessons.

In order to even get our heads around that, people should start by spending less time operating out of anger about Bernie and instead focus their energy on what lessons we have all learned from Bernie so we can transform this horrible event into a positive experience. We cannot change the past…so no point in living in it.

 Thank you Bernie for Reminding Us of These Life Lessons

1) Never put all your eggs in one basket

2) If it sounds too good to be true, then it probably is

3) If someone makes their product or what they do sound like it is reserved for the elite only – and that makes you want it more, then be skeptical as there is more to the story

4) People are way too trusting and way too easy to be manipulated – P.T. Barnum told us that a long time ago (there is a sucker born every minute)

5) Always, always, ask questions especially when things are going well

6) Do your own research (don’t just blindly trust a friends opinion or recommendation – what if they didn’t do their homework either)

7) Take responsibility for all of your personal and financial decisions

Think Better…Live Better,

Dr. Doug

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