Word: trader
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...centuries, Europeans believed that all swans were white - until black swans were discovered in Australia. A possibly minor moment in ornithology, but one that for Nassim Nicholas Taleb, a former trader turned philosopher, perfectly illustrates how poorly our past experience of the world can prepare us for sudden, unexpected, epochal events. His 2007 book, The Black Swan: The Impact of the Highly Improbable, gave rise to a new name for these moments, both positive black swans (the rise of the Internet) and negative ones (the 9/11 attacks). Taleb has argued that much of the recent market turmoil has been...
...With Mambo Graphics, a clue for co-founder Dare Jennings lay in the way some of its people were handling the firm's star artist. This was the early 2000s, after Jennings and Andrew Rich had sold the company for a rumored $20 million to the giant rag-trader Gazal Corporation. Having stayed on as creative director, Jennings was amused to see certain staffers treating Reg Mombassa like a tradesman. "They would come to me and say, 'Can Reg do something for us?' Later it would be, 'Now, Reg, this is what we want you to do.' It's just...
...then there are the couples who are contemplating divorce because of the strain the poor economy is putting on their poor marriage but think it's because of something else. John Coates, a Deutsche Bank trader turned Cambridge University researcher, measured the naturally occurring steroids in 17 British male traders over time and found high levels of testosterone during bull markets and of cortisol during volatility. Cortisol helps the body deal with threatening situations. But prolonged exposure to it, as during a lengthy downturn, makes people irrationally fearful, so when confronted with neutral situations--say, that their spouse would like...
...jock market. OneSeason.com a website that lets users trade virtual shares of sports stars, made its debut on Oct. 1, and though the stock is fake--Kobe Bryant won't give you a dividend--the profits and losses are very real. TIME's Sean Gregory asked an active trader how to play the game...
...some of it stuffed in suitcases - and deposited other sums of money in offshore accounts. Actor Nicolas Cage's character in the 2005 movie Lord of War was partly modeled on the alleged actions of Gaydamak, although the character may also have been inspired by the powerful Russian arms trader Viktor Bout, who is currently in a Thai jail awaiting the outcome of a hearing on a U.S. extradition request...