by Alex Tabarrok
on October 19, 2008 at 6:13 pm
From The Brokers With Hands on Their Faces blog. Where else?
Hat tip to Boing Boing.
Sad Guys on Trading Floors: http://sadguysontradingfloors.tumblr.com/
^^Well, I am sure that in the best of times they probably bang their head on the wall after making a bad bet on pork bellies or shares of IBM or whatever. Except during the good times, they do not have the news media and the paparazzi up in their faces to document it. They’re emotionally invested because of their commission or hedge fund performance fees, or whatever the case is. Add that to the obvious, that the market is crashing worse than it has in a very long time. From personal experience, the traders I have met are high-strung, antsy people…I believe there is a personality associated with the profession the same way there’s a personality type for salespeople.
“Why do they get so emotionally invested in any downturn? It’s like they half-don’t know what they’re doing.”
Traders are bipolar just like the market.
“Is it wrong that I enjoy these so much?”
One of the most justifiable expressions of Schadenfreude I’ve ever encountered.
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