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Friday, March 2, 2012
Why is Wall Street full of psychopaths? (The Week)
[unable to retrieve full-text content]The Week - A surprisingly high number of financiers have an "unparalleled capacity for lying," according to a new, unsettling report that's rattling the industryOne out of 10 Wall Street employees is a clinical psychopath, estimates Sherree DeCovny in CFA Magazine [pdf for purchase], compared with one out of 100 people in the general population. That statistic is "shocking," says Sam Ro at Business Insider, and, while it doesn't mean Wall Street is crawling with ax-wielding serial killers (see American Psycho), the extreme character traits outlined in DeCovny's report are certainly prevalent — and often admired — in the industry. Here, a guide to Wall Street's madness:
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