Alex Preston. The bleeding city (№ 377816)

Years passed before I learned that only a few people in the world of Finance truly know what they are doing. Finance is the abstract game of bluff, a bet that those with whom you play, even a little, but still dumber than you or are brave enough to point you on your mistakes. Complex concepts are created by pimply analysts in the research laboratories of large investment banks, thrown to the broader market and are accepted without question, as something requiring no proof. As one afraid of being branded as talkers and when the markets go up, rush to buy, not wanting to expose themselves to ridicule for failing to see the good deal. But when markets fall, the real panic and traders trample each other rushing to dump assets, which yesterday were cherished as my closest friends. Over weakness of spirit and pretensions of these people was to laugh, not they possessed such power.