The Shamans of Wall Street: Power, Passion, and Alchemy in the Financial World

By Gary Smith

The Shamans of Wall Street is a book by author and financial journalist Gary Smith. The book explores the culture of Wall Street and the people who work there. Smith argues that the financial industry is a form of shamanism, with its own rituals, beliefs, and language. The book was published in 2009 and was a bestseller.

The Shamans of Wall Street: Shh, Finance Professionals Don't Know Anything

by J.P. Millsap

5 out of 5

Language	:	English
File size	:	3365 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	185 pages
Lending	:	Enabled
Screen Reader	:	Supported

FREE

Summary

In The Shamans of Wall Street, Gary Smith takes readers on a journey into the world of high finance. He introduces us to the traders, bankers, and investors who make up this enigmatic industry. Smith argues that these individuals are not simply money-hungry capitalists, but rather modern-day shamans who wield the power of money to shape the world.

Smith draws on his own experiences as a financial journalist to provide a unique perspective on Wall Street. He has interviewed some of the most powerful people in the industry, and he has seen firsthand how the financial system works. Smith's insights are invaluable for anyone who wants to understand the world of finance.

The Rituals of Wall Street

One of the most striking things about Wall Street is its rituals. These rituals are designed to create a sense of community and belonging among the people who work there. They also serve to reinforce the power of the financial industry.

One of the most important rituals on Wall Street is the morning meeting. This meeting is held at the start of each trading day, and it is attended by all of the traders on the floor. The meeting is led by a senior trader, and it is used to discuss the day's trading strategy.

Another important ritual on Wall Street is the closing bell. This bell is rung at the end of each trading day, and it signals the end of the day's trading. The closing bell is a powerful symbol of the financial industry, and it is often used to mark the end of a successful day.

The Beliefs of Wall Street

The people who work on Wall Street have a number of beliefs that shape their behavior. These beliefs include:

• The belief that money is the most important thing in life.
• The belief that the financial industry is the most important industry in the world.
• The belief that the people who work on Wall Street are the most important people in the world.

These beliefs are reinforced by the rituals of Wall Street, and they help to create a sense of community and belonging among the people who work there.

The Language of Wall Street

The people who work on Wall Street have their own language. This language is used to communicate complex financial concepts, and it is also used to exclude outsiders. The language of Wall Street is a powerful tool, and it can be used to intimidate and control others.

Some of the most common terms used on Wall Street include:

• Bear market: A market in which stock prices are falling.
• Bull market: A market in which stock prices are rising.
• Hedge fund: A type of investment fund that uses complex financial strategies to generate high returns.
• Initial public offering (IPO): The first sale of a company's stock to the public.
• Private equity: A type of investment fund that invests in private companies.

The Power of Wall Street

The financial industry is one of the most powerful industries in the world. It has the power to shape the global economy, and it can also have a major impact on the lives of individuals.

The power of Wall Street comes from its control over money. Money is the lifeblood of the global economy, and it can be used to buy anything from goods and services to political influence.

The people who work on Wall Street are aware of their power, and they use it to their advantage. They can make or break companies, and they can influence the course of history.

The Shamans of Wall Street is a fascinating look at the world of high finance. Gary Smith provides a unique perspective on this enigmatic industry, and he offers valuable insights into the people who work there. The book is a must-read for anyone who wants to understand the world of finance.

The Shamans of Wall Street: Shh, Finance Professionals Don't Know Anything

by J.P. Millsap

5 out of 5

Language	:	English
File size	:	3365 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	185 pages
Lending	:	Enabled
Screen Reader	:	Supported

FREE