Introduction
Deborah W. Gregory
Chapter 1 in Unmasking Financial Psychopaths, 2014, pp 1-5 from Palgrave Macmillan
Abstract:
Abstract Since the financial crisis of 2008, the veneer of the polished financier has cracked. People outside the financial world now openly question the motivations of the men and women who are at the financial helm, both in corporations and government. Apart from a few minor casualties, the public’s overriding impression of how investment bankers, traders, and corporate financial executives weathered the storm is business as usual, accompanied by large bonuses that are once again increasing. Correspondingly, the average person has become acutely aware of the fragility of his or her investment portfolio, which had been fattened by the unprecedented increase in the housing and stock markets. Tat these same portfolios, which represent future nest eggs, college tuitions, and security during retirement, could lose so much value so quickly was not part of the plan. No wonder those involved in the financial markets bore the brunt of the anger, fueled in part by fear of not having enough in old age and, more immediately, of losing one’s home and livelihood.
Keywords: Investment Portfolio; Algorithmic Trading; Deep Role; Retirement Account; Modern Portfolio Theory (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36075-5_1
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DOI: 10.1057/9781137360755_1
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