Something You Should Know

Scams You Might Easily Fall For & Mastering The Art of Deal-Making

15 snips
Dec 26, 2024
Steve Weisman, an attorney specializing in scams and identity theft, shares crucial insights on the ever-evolving world of scams, highlighting the need for vigilance in an age where cyber threats are rampant. He warns of common scams like Jamaican lottery fraud and the dangers of medical identity theft. Barry Nalebuff, a Yale professor and entrepreneur, offers innovative negotiation strategies that prioritize fairness and collaboration, reshaping the conventional approach to deal-making. Together, they arm listeners with practical advice for protecting themselves and enhancing their negotiation skills.
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ADVICE

Shredding Documents

  • Shred documents with a cross-shredder to prevent identity theft.
  • Some thieves hire people to reassemble shredded documents to steal information.
ADVICE

IRS Scams

  • Be wary of IRS imposter scams that demand payment via phone, email, or text.
  • The IRS only initiates contact through snail mail.
INSIGHT

Negotiation Pie

  • Negotiations should focus on the potential loss if no deal is reached.
  • This "pie" represents the value created by agreement compared to individual outcomes.
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