I feel like I’m taking crazy pills
When you’ve made the executive decision to turn your business channel into the Facebook IPO Show, it can get difficult figuring out how to fill every second of airtime. Obviously there will be breathless coverage from every conceivable angle, a countdown clock, and segments on “the evolution of social media,” “advice for Mark Zuckerberg,” the emotions surrounding a delay in trading, venture capital’s feelings about Facebook, “what’s the deal with Facebook’s private shares,” how “Facebook makes its employees happy,” “networking Facebook’s ecosystem,” Mark Zuckerberg’s Facebook profile, and whether Facebook is “your friend or foe.” But with the tech analyst who agreed weeks in advance to have Mark Zuckerberg’s face tattooed to his ass live on-air while network anchors discussed the significance it might have on how Facebook would close on its first day of trading backed out at the eleventh hour, CNBC found itself with a gaping hole in programming. Luckily, an unnamed producer who should win an Emmy for his or her work had the bright idea for this:
In the above clip, CNBC travels to Mackay Elementary school in Tenafly, NJ to pick a bunch of 8 year-old analysts’ minds on FB. Questions include:
* “Is Facebook cool? If so, how long will it be cool for?”
* “Would you rate Facebook a buy or a sell?”
* “How much would you spend on one share of Facebook” (Answers include $150 and $1,000)
* “Is it appropriate for a CEO to wear a hoodie? Would you take a guy in a suit more seriously?”
Are you just waking up from a nap, perhaps your second of the day? Did you take it under your desk, curled up on the conference room floor, or in a bathroom stall? If the idea of regularly catching a few winks at your place of work sounds like a fireable offense, relax: apparently everyone is doing it, says Bloomberg BusinessWeek. Yes, from the people who brought you “90 percent of Wall Street does calisthenics in the middle of the trading floor,” comes “Sleeping On The Job? Good! Overachievers Do.” According to BBW, “many Wall Street types use power-napping to make up for lost sleep,” at the office. Where do these naps take place? Wherever looks comfy and you can fit a pillow and an eye mask if overhead lights are an issue. Got some colleagues who haven’t gotten the memo and continue to rudely pound the keyboard as though they don’t know you’re trying to get some sleep here? One woman recommended “heading out to the car to recharge.”
Sleepy Bankers Take Secret Naps [Bloomberg]
Sleeping on the Job? Good! Overachievers Do [BusinessWeek]
Related: The “Workout Taking Over Wall Street” Involves Treating Your Place Of Work Like Your Own Personal “Curves”
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing
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