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"The human brain, these researchers say, responds to high-stakes trading just as it does to the lure of sex. And the riskier the trades get, the more the brain craves them," Jenny Anderson of the New York Times reports. According to one study, the "brain images of drug addicts who are about to take another hit are indistinguishable from those of traders who are making money and about to place another trade."
Craving the High That Risky Trading Can Bring [New York Times]
Posted by , Feb 07, 2008 10:26AM
I think I'm addicted to news and blog aggregators. Digg.com is my drug of choice
Posted by Lee D, Feb 07, 2008 10:33AM
On the other hand, what sort of commentary can make vacuous quasi-news items like this worthwhile? Media outlets always seem to run press releases from the Institute For Pointing Out The Obvious on slow news days, and any time they think the chattering classes need a collective pause to cluck their tongues and nod eagerly in self-appointed moral superiority. I think it’s the publish-or-perish mentality in academia that drives half-baked medical studies and uncontrolled observations on social behaviour that are so beloved by both researchers and reporters.
Posted by 36th Chamber, Feb 07, 2008 10:34AM
Mmm, money.
Posted by 36th Chamber, Feb 07, 2008 10:34AM
Mmm, money.
Posted by , Feb 07, 2008 10:49AM
"What's to be done with this 'Homer Simpson ?"
Posted by , Feb 07, 2008 10:51AM
maybe i'm wrong, but I thought the point of blogs is to to link articles from other blogs or get a blog to link to your stuff, which basically consists of you gathering someone else's insight or article and making some kind of snarky comment about it? Isn't it basically like one big circle jerk? There doesn't seem to be a whole lot of people coming up with new original content. Its more like "there was an interesting article in the FT today, here's what I think about it."
I don't read this site for "market insight" or Carney's analysis which is basically unreadable. I read it mostly for the strange/disturbing/funny stuff that is somewhat related to business.
Posted by Anal_yst, Feb 07, 2008 11:24AM
Actually the point of a blog is myriad, but ranges from the circle-jerk you so described, to actual insight, the vast majority of which is often reactionary to some degree.
Cramer was so full of it this morning discussing this issue, saying how whenever he met a trader "like that" he'd fire them immediately. What a raging jackass he is. (now theres some original insight for ya)
Posted by s75, Feb 07, 2008 11:28AM
resolved: cramer = toolbox
Posted by I gots to know, Feb 07, 2008 11:32AM
Is Timmy drooling yet?
Posted by lift all the offers, Feb 07, 2008 11:39AM
Irrational, risk-seeking behavior by others is what makes trading a worthwhile occupation.
Posted by @ 10:51, Feb 07, 2008 11:46AM
totally agree...although, i dont read everything so it's good that they post somewhat redundant stuff...re the analysis/insight, yeah, pls pass- theres enough of that from credible/experienced soureces....we're working w a solid "B" today-- potential to get to A-
Posted by 10:16, Feb 07, 2008 11:53AM
it just disappointing bc i know carney is capable of more.
he must still be suffering the early effects of liquor withdrawal for Lent
Posted by Robert Palmer fan, Feb 07, 2008 12:09PM
Might as well face it, you're additcted to love.
Might as well face it, you're additcted to love.
Might as well face it, you're additcted to love.
Posted by Patrick Bateman, Feb 07, 2008 12:13PM
Did you know that Whitney Houston's debut LP called simply Whitney Houston had four number-one singles on it? Did you know that, Christie? Whitney's voice leaps across so many boundaries and is so versatile-though she's mainly a jazz singer-that it's hard to take in the album
on a first listening.
Posted by Deputy Trudy Wiegel, Feb 07, 2008 12:37PM
Jennifer and I are addicted to sparklers. I need a light!! I'm addicted to sticks that smoke...it's my kinda drug...OHHHHH yea! Yeah it was kinda fun
Posted by , Feb 07, 2008 1:00PM
Bess i can't tell you how gratifying it is that you have used my comment at 1:07 almost verbatim in your gawker article
http://www.dealbreaker.com/2008/02/revenge_is_a_gefilte_fish_best.php#comments
Posted by Anonymous, Feb 07, 2008 1:10PM
...or because traders are drug addicts? Traders and blow, what a shocker.
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Posted by , Feb 07, 2008 10:16AM
this is the second blog i saw today that is posting this article. with no interesting commentary to make it worthwhile. there is nothing here that was not published in the bloomberg magazine feature last year.