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Behavior on Wall Street
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Behavior on Wall Street
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Book Chapter
Behavior on Wall Street
2015
Overview
The financial industry is in the business of selling complexity, always ready to change the packaging on existing products or close the ones that are not working. Wall Street will try to overwhelm the investors with higher costs, and needless complexity. Hundreds of mutual funds are both created and destroyed on an annual basis. This chapter gives a brief idea about the scenario of Wall Street, and the general behavior of investment professional. The industry basically throws a bunch of funds up against the wall hoping some will stick. At the same time, there are always new and creative ways to sell new funds or products that play up to investor emotions and the recent market action. Wall Street is notorious for taking investing fads too far by creating far too many products when something shows promising performance. Wall Street is in the business of fee generation, having a fair idea about human nature and how to sell much better than anyone. Investors are not obligated to invest in something just because it is out there. Available does not always mean necessary.
Publisher
Wiley,John Wiley & Sons, Incorporated,John Wiley & Sons, Inc
Subject
ISBN
1119024927, 9781119024927
