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ted
 

Spread trading

the_red_baron's picture
ST
(Orangutan, 257
 
Points)
 on 12/18/12 at 11:17pm

.

Occupy Main Street, Restructure America

BankingRUs9's picture
IB
 
Points)
 on 11/6/11 at 5:24am
occupy main street.jpg

November 6, 2011: It has been almost 4 years since the United States and the entire Western World has been mired in this recessionary state. What has happened should not be a surprise to anyone. After scrambling for an ever higher quality of life, sending labor-intensive industries overseas, and losing more than 2.5 million manufacturing jobs and more than 850,000 professional service and information sector jobs to outsourcing, we foolishly blame our government and the top 1% of our earning population for our hardships. Most Americans lack the skills and motivation to innovate, and are fit to work only in commoditized industries, yet most of our commoditized industries have been sent overseas.

Watching TED videos----> questioning your chosen "life"?

scok15's picture
CO
(Monkey, 50
 
Points)
 on 8/3/11 at 1:27am

I was browsing through some of the videos on TED.com (if you're unfamiliar with the site, then shame on you...) and began to notice a trend: every time I more than one or two of the videos, I begin to question the career route and outlook on life I'm taking. I see people who dedicate their lives to causes so inspiring, so exciting, and so meaningful, and frankly it's inspiring. I know jobs in IB, PE, VC, HF, MC etc, etc, etc are certainly not for the faint of heart, but I feel they're missing something.

I guess I just wanna know how people can come to justify their jobs and, even deeper, their roles in society as a banker, a hedge fund manager, or a consultant.

Where do you stand? The science behind your Bonuses...

dmcd's picture
CO
(Baboon, 119
 
Points)
 on 1/20/11 at 10:16am
ted

stumbled upon this video from a TED talk by Daniel Pink... 18 min but very worth it.

http://www.youtube.com/watch?v=rrkrvAUbU9Y

The more i watched the more I thought how tied to the financial industry this could prove.
I just think its a video that is worth watching.

To an outsider (me), it seems like a lot of the IB world has major groupthink and therefore causing these systemic issues that seem to be everywhere. Is it possibly due to the "narrow" minded focus (due to large bonuses) that the speaker talks about... Could the IB world use a healthy dose of "outside the box" (via small bonuses)

Or....

Does behavioral science not apply to the "real" world?

Where do you stand?

Is Prosperity Possible without Growth?

Edmundo Braverman's picture
ST
(Human, 14,322
 
Points)
 on 10/22/10 at 6:00am

According to Tim Jackson, our current economy is based on persuading us to spend money we don't have on things we don't need to create impressions that won't last on people we don't care about. I'm not sure I've ever heard a better description of the microcosm that is Wall Street. But is it possible to enjoy prosperity without GDP growth? Or does Keynes's Paradox of Thrift make more sense? Put on your thinking caps, guys, because this is a view you probably haven't heard.