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August 30, 2014 - Latest:

What goes on in the minds of bankers? – 12763

  • 29 June 2012

Ken has spent time with oil traders from the New York Mercantile Exchange, analysing how they work, compete and think, in a bid to make them perform better.

He found people with brains suited to the fast pace of their work but often suffering from attention deficit disorder, and more at home in a trading pit than in their own homes.

We bring you Ken's detailed analysis here, to help you understand what is going through the heads of those driving the markets.

Is this your experience and do you agree with Ken's analysis? Please let us know …

 

The Ordinary Madness of Markets: Inside the minds of traders

INTRODUCTION: "I'm losing it Big time!": Why Traders cry out for psychotherapeutic help

CHAPTER 1: The Pit & The Pack: How I came to understand the social world of the trader

CHAPTER 2: Attention deficit disorder and arrested adolescence: Understanding the mind  of the trader

CHAPTER 3: How traders can lose millions: their biggest fears and self-help mechanisms

CHAPTER 4: Mindfulness Training for traders: Naming and Taming their 'Inner Demons'

CHAPTER 5: The Self-Sabotaging Trader Who Couldn't Control His Demons

CHAPTER 6: The Ghost in the Machine: How the digitisation of the stock market created new demons we can't control

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  • David Lilley

    David Lilley•7 days ago

    My comment on a Shaun Richard’s blog on Mindfullmoney.

    I think the answer to the paradox of rising employment whilst GDP is flat is quite simply explained by deleveraging.

    In my estimation we leveraged to the tune of three years GDP in the period 1997-2007. We brought forward three years of income and included it in this decade as if it had been earned in this decade. We, personally, corporately and governmentally, took a combined sub equal to three years income.

    We are now all deleverging. One example is more money paid to the mortgager than paid out by the mortgager in new mortgages. Spare money is not being spent at Comet/Jessops/HMV etc where it would contribute to GDP but is used to reduce debt which doesn’t contribute to GDP.

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