Quote from businessstaxes:
i came to my conclusions after extensive research and emperical evidence. facts reality is stranger than fiction.
research/evidence pretaining to trading strategy? or just overall Wall Street culture?
If its trading, then I don't think you did enough research.
If you are making an observation on the culture, then yes I agree with you on the greed, hate, war, thievery, gambling and lying part. Those characteristics define different personalities & not everyone has these traits on the street.
GREED - The type of people always trying to be better than the " Jones' "
HATE - People who see others making money off something that they can't wrap their head around. (is what you sound like now, actually is what a lot of ETers sound like)
WAR - Some treat trading as a war, zero-sum game, your win is my loss.
Thievery - People like Bill Gates, Mark Zukerberg, who take others ideas and run to the patent office. Ties into greed.
Gambling - Some come in with a poker mentality, and some people come in with a completely scientific one.
and Lying - Misinformation from analysts, news outlets, etc. Convincing the masses the other side of the trade is the "right side."
Its the circle of lif... circular flow diagram.