God no. I have absolutely no desire to live in NYC and wear a suit or puffy vest and be another corny caricature dry pale unoriginal zombie bobblehead. And I don't have the pedigree, background, for it anyways. What I meant to more specifically say was that those wall street types are rather very conservative and restricted...they don't trade in the same sense that retail traders/gamblers may do. I would never be allowed to borrow a billion dollars and make a 100% week return using high risk. But if it's with my own money, then I have total liberation.
lol….. I had the pleasure of working on Wall Street a while back, and at Salomon ( first gig) , with a couple of notable exceptions, it was wild… Those were good times
I don't know how accurate the YT guy is, but I do understand that most funds, hedge or otherwise, don't beat the market. So there some truth in what he says.
So the guy in the video is telling us that there are so many variables to consider, that no one is certain of why a market might move in one direction or another. We know that already. You don't have to go to Wall Street to know that, just try to run a backtest and you will see it immediately.
When the media make their excuses of why XYZ moved up or down, it adds to confusion which is good, as noobs will struggle longer getting their heads around understanding market direction. When for example XYZ makes a huge announcement which really sets something flying, often its temporarily shortlived, the real move comes later after dumb money is shaken out, and who are now off chasing the next glittering object.