Question
What is your view on this paragraph? Please see below. Trust is something that one builds over time. Mr. Armstrong clearly understood the importance of
What is your view on this paragraph? Please see below.
Trust is something that one builds over time. Mr. Armstrong clearly understood the importance of trust and had a high confidence that current and future clients had great trust in him especially in Japan. I think he wantes to capitalize on trust that he garnered through his successful career. That's why he started his foreign exchange fund almost like a Ponzi scheme. I can help to build customer relationship on one hand and weaken the professional skepticism in business. In Mr. Armstrong's case, greed is the motivation of the scheme and trust is the vehicle for him. The lack of information on the part of the investors and trust are the factors that enabled the fraud. People ignore the information or selectively consume the information. On the other hand, if investors have enough information, they will start having critical thinking about the financial or investment authority.
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