Why millionaires have more traits of psychopaths than bankers

The mind of a millionaire does not work in the same way as that of a normal person. It’s not just about his passion for money or his infinite capacity to see business where others only see a glass of water. Nope; rather, it is about psychological traits that have more to do with those of a psychopath than with those of a banker: at the end of the day, the millionaire and the banker agree in wanting to have had profits; the difference is that Savings or long-term thinking are not usually fundamental approaches for those who want to make a fortune quickly.. Instead, yes they are six traits in common with psychopaths that science has identified in recent years.

1. Lack of empathy

Psychopaths are defined as being unable to empathize, understand the feelings and experiences of others, and respond appropriately. A lack of empathy that also relates to millionaires, according to a famous study carried out in 2008 by social psychologists from the University of Amsterdam and Berkeley. In the experiment, strangers were brought together and asked to share difficult times in their lives with each other, such as the death of a loved one or divorce. Study participants who were most powerful in terms of wealth or social status they showed less compassion towards life difficulties than the rest. The conclusion of the study was that people tend to focus on social connections with the people who bring them the most value. For the rich, those with few material assets or little social power matter least in their network.

2. Egocentrism

Psychologist and Nobel Prize winner in economics Daniel Kahneman conducted an amazing experiment: He tracked the hits and misses of 25 financial advisers over eight years and discovered that their success was a complete illusion. “The results were similar to what you would expect from a game of rolling the dice”Kahneman then explained. Contrary to financial advisers’ beliefs about his superior talent, the study showed that luck had the biggest impact on his financial successes. Something that also applies to those who are considered business gurus, or owners of vast business empires, whose self-centeredness prevents them from seeing how lucky they have been to reach those positions of wealth and power.

3. Shallow charm

A characteristic feature of psychopaths is their superficial charm, that is, their ability to make good first impressions based on a physical appearance or a prodigious ‘talk’. We have seen it countless times throughout history: if Hitler was able to convince a large part of the Germans that the Holocaust was good or Charles Manson managed not to commit a single physical crime by convincing his entourage that he was did in his name, it was because of his charisma. Similarly, a recent study that evaluated the psychological traits of senior managers and CEOs of major British companies revealed that they repeated certain behaviors when it came to making a good impression, similar to those of convicted psychopaths. The problem is that deception and manipulation continue to be valued characteristics among the top managers of companies today.

4. Selfishness

It makes sense that the wealthy can afford to be more generous and therefore have an easier time giving than the less well off. But a recent study shows that the reality is quite the opposite. An experiment carried out by a Berkeley research team concluded that it is the poor, not the rich, who are most willing to give to charitable donations. The study noted that the generosity of the participants increased as their economic situation decreased. Those at the bottom of the ladder were 44% more charitable than participants at the top. The saying goes: the rich only help those who flatter him.

5. Unethical behavior

Upper-class people are more likely to behave unethically than lower-class people, according to one series of studies of the United States National Academy of Sciences. The research data concludes that this unethical behavior is based on a more prone attitude towards greed. In fact, the series of studies showed that upper-class participants were more likely than poorer participants to: breaking traffic laws, stealing valuable property from others, lying during a negotiation, cheating to increase your chances of winning, exhibiting or supporting unethical decision-making both personally and at work. Traits, in general, shared by psychopaths.

6. Boredom propensity

According to the latest studies, psychopaths love to live life on the edge, something that gives them the sense of danger and excitement they crave. This is why many psychopaths commit crimes or hurt others just for the thrill of it. Anything mundane, boring or repetitive does not excite them and they will quickly lose interest in it.. “Basically, psychopaths can be brilliant bosses, but only in the short term. They always want to make a killing in the company and move on,” explains the author and expert in psychopathy Jon Ronson, in his book ‘The Psychopath Test’. Hence, the disruptive capacity of the most brilliant CEOs in history has more to do with psychopathic behavior than with great business management.

Why millionaires have more traits of psychopaths than bankers