Dobrzynski asks whether traders have become prisoners of their endocrine systems — ruled by testosterone, the elixir of male aggressiveness, during a bull market; and by cortisol, a steroid that helps the body deal with stress, when the bears take over.
Sunday, November 16, 2008
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How utterly offensive. From the perspective that ego ruins everything regardless of gender, ok and maybe. But I don't buy for one minute that "real men" drove the financial crisis. It's quite simple really - Greed (over spending WAY beyond our means at an individual and collective level - across countries, across continents, globally).
ReplyDeleteHi Anonymous,
ReplyDeleteYou sure are sure of yourself. What do you think--the testosterone/cortisol hypothesis has 0% chance of being right and your armchair theory of "Greed" 100%?
BTW, what do you think makes people greedy? I suppose testosterone can't have ANYTHING to do with it. Those scientists must be getting all greedy and stuff with their theories. What a bunch of egomaniacs!