Today's Annoyance: Overcomplicating the finance game
Mantra of the Day: Who says boys don't like to shop?
As many of you may already know, I actually have a job. I run a hedge fund based out of New York. Admittedly, things aren't going so well right now, but the stock market always gets over its grumpy moods.
This is a very male-dominated industry that tends to attract the alpha male, macho types, but I have never been able to figure out why. I love what I do because to me, trading is like shopping.
Really, it is no different than going after a killer pair of Giuseppi Zanotti's or Pedro Garcia's. First, you go to the store (the market), you have an idea of what you want, but inevitably you get distracted by something gorgeous that you weren't expecting to see. You pick up your find and then, just as you are about to check out at the cash register with your special find, you see a pair of Manolos marked down 50%. Now, you've got a dilemma: Do you return the blinged-out sweater that you just picked up from Saks? (This is the sell.) Do you show restraint and just buy the one pair? (The buy.) Or, do you pick up the extra discounted Manolos because they are virtually putting money in your pocket? (The profitable arbitrage.) All of these things just add to your portfolio (your closet) at the end of the day.
So I ask you, why are macho men so interested in this profession?
[IMAGE: Courtesy of Getty Images]
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