The Wall Street Psychologist
A SELECTIVE HISTORY OF OUR RELATIONSHIP WITH MONEY To truly understand the symbiotic connection between money and the mind, it is essential to know from whence it came and how it developed as an integral component of the human experience. …
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KNOWLEDGE OF MONEY IS POWER Addressing an intellectual and/or historical vacuum is good business. You are part of something bigger, so you need to develop a knowledge base of money history and economic theory, as well as awareness of the …
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Consider the following statement: “The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn’t want to go …
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Battered Person Syndrome In clinical practice “battered person syndrome” is a legitimate condition which warrants psychotherapeutic intervention. Martin Seligman’s “learned helplessness theory” underscores the psychological structure of this syndrome which contends that people have a perceived absence of control over …
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Shareholders, investors, and all citizens of the world need heroes: honorable, smart, diligent, mindful, hardworking, innovative men and women who govern the finest companies in America. It is easy to get embroiled and beaten down by the negative, the fraudulent, …
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On Wall Street, it’s all about multiples and geometrics. First JPM told us that $2 billion dollars was at stake, then the number grew and grew to finally, and possibly $6 billion dollars “down the road a piece maybe.” Shareholders …
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“There’s no business like show business.” And timing is everything. JPM may have been at the right race track, but they bet too early causing a false start and painful losses for shareholders, not clients or taxpayers. Regardless, this is …
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Too Close to Home…Too Close for Comfort Retail stockbrokers are shareholders. Not only are they co-owners of their company, but they are on the front line in a world riddled with money-madness where “money and trust” are their stock-in trade. …
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Inertia and Trust: Human Wiring Inertia is the resistance of an object (or a person) to a change in its state of motion, or rest. We have all experienced emotional inertia in our lives. We can get stuck, all too …
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Things are heating up at JP Morgan Chase. The Dodd-Frank law has enabled regulators to ratchet up their queries regarding massive trading losses at this venerable institution, the best of its class. Some pundits minimize the loss (estimated to possibly …
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