The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/your-financial-adviser-could-be-a-psychopath-30589755.aspx

Subject:  Your financial adviser could be a psychopath Date:  3/14/2013  1:19 PM
Author:  intercst Number:  71487 of 75523

http://money.msn.com/retirement-plan/your-adviser-could-be-a...

The prevalence of psychopathy on Wall Street is unknown -- but Hare wouldn't be shocked if it were far above the rate in the general population, which is about 1%.

"It may be even higher than 10%, on the assumption that psychopathic entrepreneurs and risk-takers tend to gravitate toward financial watering-holes, particularly those that are enormously lucrative and poorly regulated," Hare wrote in a comment on his website. "But, until the research has been conducted, we are left with anecdotal evidence and widespread speculation."

</snip>


I don't know what psychological term you want to put on it, but I've long maintained that the financial services industry attracts more than it's share of rogues and thieves.

intercst
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us