At Mercatornet (August 23, 2011), we are invited to consider whether getting more women involved in floor trading would prevent future collapses. Trouble is,
So now we come to the key question: At Mercatornet (August 23, 2011), we are invited to consider whether getting more women involved in floor trading would prevent future collapses. Trouble is,
Trouble is,
So now we come to the key question: Is the floor trade world a natural outcome of human behaviour, into which some men and a much smaller proportion of women fit? Yes, probably.
My financial advisor tells me that the market is run by two principle human motives: Greed and fear. Bubbles and their subsequent collapses happen when greed overrides fear. Later, fear restores order and the market starts to recover. Which is to say that crazy markets and their corrections are caused by human nature. It’s hard to change the fundamental reality that a stock market is about people making decisions, wise or foolish.
An Italian proverb puts it like this: Three women and a goose make a market. All the rest follows.
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