Re:Geeks trump alpha males on Wall Street
by cynicalkane on Thursday December 03, 2009 @10:38AM
(#974484)
I can't imagine a scenario where long-term investors are burned because they have an easier time buying equities.
Anyway, I think most people are confused because they think of Wall Street as though it is all about equities. Equities are a casino because the public treats them that way. If people learned not to throw their money away in the stock market, maybe equities traders would be in fixed income and derivatives instead, where they provide a much more important service.
Anyway, I think most people are confused because they think of Wall Street as though it is all about equities. Equities are a casino because the public treats them that way. If people learned not to throw their money away in the stock market, maybe equities traders would be in fixed income and derivatives instead, where they provide a much more important service.