The Conundrum
Perhaps the most unfortunate behavior characterizing human (as a general blanket statement) is predictability. Men often respond to high pressure decision-making with the same involuntary reaction they experience when getting an erection. What is the president you may ask yourself?
Take one of the single greatest economic driving forces in the world; as a matter of fact you can drill down and look no further than the New York Stock Exchange.
Throughout the day tickets fly, monitors flash, people scream on the floor waving pieces of paper, pencil or pen in hand and the most up to date have a portfolio of electronic networks from personal smart devices or tablets.
As the bell tolls the adrenaline continues to flow becoming the venom of ones soul, the ticker board rolls as pennies, quarters, fractions and dollars, forcing individuals to react to strategic moves that will create the greatest advantage for their clients or themselves.
Holding an internal database of positions that need to be executed, lest they suffer, to perfection. Scouring the floor, screens and monitors for immediate advantages.
The looser hold out for the deal they missed then in disbelief the wait and watch with piercing anticipation for the shoe to fall off the other foot; "but wait, that can't still be going up" they exclaim Shit! They saw the numbers yesterday and recognized the pattern of consecutive escalation in price, the buy was still there if they would only have bought at opening bell.
Decidedly they wait...and "No not another climb!" yep, triple digit increase. Their heart sinks as the number continue to go up on the buy-in, they missed out on.
Unable to bare the risk of a further missed opportunity and finally, after holding out nearly all day, just past lunch time and mid-day! They buy. Followed by a deep and nearly immediately plunge into the jackpot of failures abyss. They not only missed the numbers, the bought at the wrong time.
The bell rings and for the clean-up, they purchase, using what remaining assets they have to mop up potential earnings for the next day.
No comments:
Post a Comment