I pulled this from one of those investment blogs I read. Most times it is just stuff to read, digest and hope you learn a little, about stocks, trading, or something… but this is hitting a sore spot with me. Read on and I will comment at the end.
“1) What have you done for me lately?
Should we blame the political system for the downfall of Wall Street? Wall Street has increasingly become a place of “what have you done for me lately”. The advent of the day trader and the hedge fund simply represent this incredible shift towards short-term thinking. Louis Rukeyser’s Wall Street has evolved into “Mad Money” and “Fast Money”. But where does this change in psychology come from?
“And Now the Rest of the Story – “The Trend for faster and faster is the problem!