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...scientists measured 44 male traders' second-to-fourth-digit-length ratio, which is otherwise known as 2D:4D and is an indicator of the effects of prenatal testosterone. The longer a trader's fourth finger relative to his index finger, and therefore the lower the 2D:4D ratio, the greater his prenatal exposure to the hormone. All of those taking part in the study carried out the same type of trading over the 20-month period studied and had the same access to cash and information, and none benefited from underlying client business. (See pictures of scared traders...

Author: /time Magazine | Title: Successful Traders: The Testosterone Effect | 1/12/2009 | See Source »

...lower ratio pointed to higher profits speaks to a little more than finger length. Earlier studies indicated that prenatal exposure to testosterone, which spikes between the 9th and 18th weeks of gestation, increases a person's sensitivity to the effects of the hormone much later in life. The greater the exposure as a fetus, in other words, the higher the levels of confidence, vigilance or risk appetite triggered by testosterone in an adult. That observation has already made digit ratio a useful indicator of ability in fields other than finance; 2D:4D has been found to predict success in sports...

Author: /time Magazine | Title: Successful Traders: The Testosterone Effect | 1/12/2009 | See Source »

...sale, which may be the first step toward an eventual takeover by the French-Dutch carrier, gives Air France-KLM a big say in decision-making at Alitalia and greater access to Italian routes, which are ripe with potential for both international and domestic travelers. Unlike most other European countries, Italy's geography (1,350 kilometers (840 miles) north-south from Turin to Reggio Calabria, and two major islands) fuels steady national flights. Despite the current worldwide economic crisis, Italy also remains a destination for tourists as well as the families of Italian emigrants and their descendants around the world...

Author: /time Magazine | Title: Why Air France-KLM Bought 25% of Alitalia | 1/12/2009 | See Source »

...study showed Barbash and others in the Clinton Administration that there was a need for liberalization for hedge funds. "There was a greater appetite for them, and the 100-person rule was too narrow," says Barbash. "The philosophy was that we needed to cut regulation for larger, more sophisticated investors...

Author: /time Magazine | Title: Bernie Madoff's Victims: Why Some Have No Recourse | 1/12/2009 | See Source »

...sure it would have helped stop this crime, but earlier transparency, or registration for the sponsor group [feeder fund] has a logic to it now," says Barbash. "Certainly, I think greater protection would have come if Madoff was forced to register...

Author: /time Magazine | Title: Bernie Madoff's Victims: Why Some Have No Recourse | 1/12/2009 | See Source »

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