Gullibility

Psychologist Stephen Greenspan recently published a book entitled Annals of Gullibility: Why We Get Duped and How to Avoid it. In the week of its publication, Greenspan learnt that he had lost more than half his retirement investment portfolio to a certain B. Madoff Esq.

Both The Times and Scientific American, refer to Greenspan's experience as 'ironic'.

Ironic? I'll say.