The faster metabolism of finance, as seen by a veteran broker
Prices are set at the margin. And the marginal trader is a hedge-fund manager
A FEW YEARS ago a stranger sidled up to me at a conference. I had been introduced as an equity salesman with over 30 years of experience. “Success or failure?” he asked impishly. I laughed. When I started in stockbroking, anyone older than 50 carried an air of defeat. If they hadn’t made enough money to retire early, they were seen as losers. Well, I’m still here and I’m not the only one. There is a lot more grey hair on the sales desks these days.
This article appeared in the Finance & economics section of the print edition under the headline “Sexagenarians and the City”
Finance & economics January 15th 2022
- The $28trn global reach of Asian finance
- The Kazakh crisis is only one threat hanging over the uranium market
- Will Americans’ pandemic savings stash keep the economy rolling?
- The new government hopes to cure Germans’ distaste for the stockmarket
- The faster metabolism of finance, as seen by a veteran broker
- A corruption probe is only the latest of Chinese insurers’ woes
- Will remote work stick after the pandemic?
From the January 15th 2022 edition
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