Investors cry foul over $10m start-up 'scam'

[kazukirai]

I recently read (I think it's from James Montier's speech presented at the 65th annual CFA conference which is also available at GMO's website) that there's some research in neuroscience that shows when people are told that the advice is from experts, their brains stop functioning.

Could explain why so many people fall for scams especially when there's some sort of 'expert' involved.