To: MulhollandDrive who wrote (214 ) 9/19/2005 10:26:25 AM From: Constant Reader Respond to of 2253 You and I have been around here long enough to see more than one flash-in-the-pan stock guru come and go. According to this London Times editorial, researchers have discovered that psychopaths make the best traders. Who knew? -g-Industrial psychology With the right diagnosis the job is assured The jokey maxim is as tired as it is common: “You don’t have to be mad to work here, but it helps.” Months of exhaustive research by three US universities have now proved the aphorism true. Psychopaths, they found, make the best market traders. Normally we associate the condition with a conveniently deranged murderer who is a television staple. Psychopaths are people unable to empathise with human emotion, those who feel no qualms of guilt or flashes of sympathy. Who better, therefore, to invest our money or trade our shares? No caution, hesitancy, fear of risk or reckless enthusiasm. The American researchers found that the suppression of emotion, usually the result of a brain lesion, also creates splendid lawyers and company chief executives. Shareholders will applaud the company boss who looks on redundancies with equanimity or is sufficiently conscience-free to market the latest execrable product while claiming, straight-faced, that it is a boon to mankind. Psychiatrists have a glowing future as career guidance officers. No longer need patients worry about a diagnosis of neurosis — let them find jobs as clergy, tourist guides or anything where a little extra concern would help. Pyromaniac firemen would enjoy job satisfaction, agoraphobics would make fine town planners, and anyone with an addictive personality is already far down the track to becoming a supermodel. Luckiest of all are those with Munchausen’s syndrome: a future awaits as university researchers. And in the meantime, give your investment advisers psychometric tests: if they pass, sack them. timesonline.co.uk