This 60 Minutes story about how Wall Street traders are making money off of what are called “high frequency trades” kind of reminded me of Office Space.
The project has nothing to do with value, creating value, or even companies. It’s just a way to make a profit off of the slight fluctuations in stock price, but of course doing so with a high volume of stock.
Another interesting story from This American Life about the mentality these days on Wall Street, and why traders, analysts, and CEO’s feel glum. See Act One.
-Pete
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