Monday, May 03, 2010

An approach to trading

Books of Account
What the Dog Saw
Malcolm Gladwell

Stocks and swans

Years ago, Nassim Taleb worked at the investment bank First Boston, and one of the things that puzzled him was what he saw as the mindless industry of the trading floor, narrates Malcolm Gladwell in What the Dog Saw. A trader was supposed to come in every morning and buy and sell things, and on the basis of how much money he made buying and selling he was given a bonus, Gladwell describes.


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