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03/04/2012

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Wanooski

But Dave, Psychopathy greatly increases income potential, you must just hate "successful" people. ;)

Honesty

"It's very likely that some of you know some of these people personally."

I hate to say this but my older brother is a corporate lawyer at Weil, Gotshal & Manges. He's perfectly normal when we speak basketball, tennis, music or books we enjoy, but on political or economic issues he's ruthless, shockingly so I might add. Although, I can't say that he's like that all the time, it's like there is a on and off switch, certain topics trigger psychopathic behavior (God, I can't believe I'm using these terms to describe my brother).

John D

What's the old saying,,, "you don't have to be crazy to work here, but it helps!"

Bill Hicks

"It's very likely that some of you know some of these people personally."

If I had to estimate the number of such people out there based upon professional colleagues I known throughout the years, I'd say it's a bit higher than 1% (and I don't work in the financial service sector). Perhaps double or maybe even triple that number.

The last one I had to work with exhibited all of the classic traits, and he and I became enemies because I learned to see through him. What astonished me was his ability to stay friends with others even after he had stabbed them in the back. Goes to show just how many people are taken in by superficial charm, even after the psychopath has proven that he'll screw them over when given the chance.

eugene

The diagnosis of antisocial personality has been around for a long time and is well known in the mental health community. They comprise about 3% of males and 1% of females in the general population. There are varying degrees of pathology within the diagnosis. In the more severe levels, they are dangerous. In a capitalistic society, the characteristics are rewarded well. Nothing matters except their own desires, goals, etc. They could care less about you as an individual except, of course, what use you are to them. And yes, all of us know someone that would qualify for the diagnosis. The behavioral pattern tends to moderate as they age. We all loved them dearly when the economy was booming. We only complain when the boom ended. In a very real sense, antisocial behavior is a characteristic of empires such as America. Empires take what they want with little, or no regard, for those taken from. We really don't care about the disadvantaged and consider them a "drag" on society. Their lot in life is, relatively, meaningless to us.

Actually, there are ten types of personality disorder with varying implications for Wall Street types.

Total Recall

Psychopathy = General Agricultural Civilization Adaptation Syndrome; i.e., GACAS, prounouced "jackass."

Diogenes

“The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.”~Albert Einstein

That quote heads Davos Sherman's "The Final Tipping Point" post from his Psychopathic Economics 101 blog.

He follows with a reference to Pareto, then continues at length in his distinct style to provide information with an attitude. About half way down, he has embedded a video titled "'I Am Fishead' are corporate leaders egotistical psychopaths?". I highly recommend his post, his blog (started last December), and especially the video which is outstanding:

http://www.psychopathiceconomics.com/DavosEconomicForum/2012/02/12/the-final-tipping-point/

http://www.psychopathiceconomics.com/DavosEconomicForum/

http://www.youtube.com/watch?v=6MWpxH-RlFQ

"A fish stinks from the head."

I am reminded of M Scott Peck's "People of the Lie" (1983) which sparked my interest in this topic so long ago.

Many thanks, Dave, for another fine post.

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