City Traders = Monkeys? – Page 2 – Chat Forum – Singletrack World Magazine Forum

ditch_jockey · 2011-11-10T10:33:41Z

Just came across a George Monbiot piece in the Guardian discussing studies that suggest "[i]traders and fund managers throughout Wall Street receive their massive remuneration for doing no better than would a chimpanzee flipping a coin.[/i]" It reminded me of a time, many years ago, when I spent my summer break at university working as a security guard at the Exhibition Centre in Glasgow. I rolled up to the newsagents one morning during a big business conference and queued up to buy my Guardian. As I stood there, I gradually became aware that I seemed to be the only person on the queue buying a broadsheet, as all the delegates seemed to have the Sun or the Daily Record tucked under their arm. That was something of an epiphany for me - the point at which I realised most of the people who run our country's economy are actually thick as sh*t.

Ro5ey

Posts: 4155

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There are many sayings in the City

"Sell in May and go away" "Dead cat bounce" etc etc

One reads

Better to be lucky than good.

"but to be a truly great 'trader' is not something that everyone can do."

You've missed my point... The basic premise of the OP was traders are monkeys, how come they get away with it.

I was just pointing out that anyone could have a go at it. Stop moaning about the choices in life you took.

Posted : 10/11/2011 12:40 pm

MrWoppit

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Posted : 10/11/2011 12:49 pm

AndyP

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IT....WAS....THE....DUKES....IT....WAS...THE...DUKES.
Monkeys. FACT.

Posted : 10/11/2011 12:50 pm

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[Closed] City Traders = Monkeys?