How much do I want to read more? 4/10
I started reading, thinking this book can bring some interesting stories about human nature. Wall Street being the epicenter of the world economy, a parallell with human psychology would be interesting.
However all I got from reading is confusion, ending up with the belief this is not for me. Maybe I don't have the educational background about economy and finance to read such a book?
1 - The Fluctuation
The first stock exchange was, inadvertently, a laboratory in which new human reactions were revealed. By the same token, the New York Stock Exchange is also a sociological test tube, forever contributing to the human species’ self-understanding.
Evidence that people are selling stocks at a time when they ought to be eating lunch is always regarded as a serious matter.
What I particularly remember is feeling physically exhausted,” one floor broker has said. “On a crisis day, you’re likely to walk ten or eleven miles on the floor—that’s been measured with pedometers—but it isn’t just the distance that wears you down. It’s the physical contact. You have to push and get pushed. People climb all over you. Then, there were the sounds—the tense hum of voices that you always get in times of decline. As the rate of decline increases, so does the pitch of the hum.
In a rising market, there’s an entirely different sound. After you get used to the difference, you can tell just about what the market is doing with your eyes shut.