Bombshell Study: Wall Street Stock Brokers are Psycho’s
I’ve been coming in and rip off scams, all sorts of stuff when it comes to Wall Street for years. And yeah, a lot of the anti-social behavior from stockbrokers, bad advisors out there is fascinating. And I wrote a column about it entitled American Psycho. You think I’m kidding? Recent study, recent study seems to scientifically proven what we’ve known, what we’ve tried to get across. to you over the years here, over the decades. I’m dating myself in decades now. Yeah, university found that the behavior of stockbrokers tops that of psychopaths when it comes to manipulation and recklessness. Scientific American says that psychopaths exhibit characteristics such as charm, dishonesty, callousness, remorselessness. infallibility and a fondness for irresponsible behavior. This study, which was done by this Swiss Institute, they compared and contrasted the behavior of schlockbrokers, stockbrokers, and were basically, they were given computer simulations and intelligence tests to those of psychopaths who were given the same exact tests. The results. Brokers outscored psychopaths in their willingness to engage in risk. Brokers were more eager to harm their opponents in their desire to come out on top. Thomas Knoll was the person that conducted the study, stated that naturally one can’t characterize the traders as deranged, but for example, they behave more egotistically and were more willing to take risks. than a group of psychopaths who took the same test. Instead of simply pursuing the greatest gain possible, it was more important to the traders to get more than their opponents. And they spent a lot of energy trying to damage their opponents. He said their behavior resembled people whose neighbors might have the same car. and then you decide to go out and scratch it with the key so you can look better. They weren’t able to explain why brokers were so willing to cause so much damage and pain in their quest to get ahead. So I’m gonna give you my theory, okay? Do you remember? Do you remember, I think they’re both dead now. I’m not sure. Is Roy Horn and Siegfried, Siegfried and Roy? there at the Tiger show in Las Vegas. And one of them, I don’t remember who was attacked by a tiger and Chris Rock, Chris Rock, in one of his standup skits commented on the attack after all the pundits out there, the people in the news, are, oh, what happened there? What happened, rationalizing? Yeah, because that tiger went crazy. Tiger went crazy. And Chris Rock said, no, no. The tiger didn’t go crazy. The tiger. Tiger. Yeah, same thing holds for human beings as well. Someone had an ethical bypass at birth. There’s a pretty good chance it’s gonna show up at some point in time. Doesn’t matter what fancy pants, Ivy League school, the ethically challenged decided to graduate from. Doesn’t matter their social pedigree, they are who they are. Watchdog on Wall Street. dot com.