In previous sections, we explored the history of money and financial systems, while interpreting the evolution of economic theory, through the lens of psychologist.
Now, we seek to define the modern Wall Street financial professional, based on my observations as a psychologist treating FPs for more than 30 years.
Included throughout the following observations, analyses, and guidance are dramatic, perhaps disturbing, anecdotes. Unfortunately, these anecdotes are all too real and represent the manifestations of a money mad industry.
In “What They Did Not Teach You in Business School,” we start at the beginning, when the FP enters the industry, imploding myths and shattering expectations.
I then delve into what is perhaps the single most important—and far too often overlooked and/or abused—the concept of adherence to fiduciary responsibility. This program is not an ethics course, but rather an exploration of the psychology behind key ideas and none is more integral to the soundness of the Wall Street Psychologist’s Gyroscope than Fiduciary Responsibility. In a sense, it is the guidance system for the Gyroscope.
Further on in this section, we explore various archetypes and complexes, to provide the FP with a semblance as to what to avoid. Being able to identify the warning signs of danger, after all, is one way to help avoid disaster down the road.
We also work through the psychology of reputation, while dissecting the complex and convoluted materialistic value system that drives the collective conscious on the Street.
And, I provide a detailed of “The Most Common Mistakes Brokers Make” based on my personal observations in my practice.