Stock brokers and drugs

Stock brokers and drugs

By: boriskru Date of post: 11.06.2017

SAN FRANCISCO MarketWatch — This Oscar season, voters are considering two movies that tackle the dark side of Wall Street life: Comparisons have been made between the main characters and the Madoffs. Cass found that a quarter of the 26 stockbrokers he studied suffered from depression — more than three times the rate in the general population.

Cass also told me another finding from the study: And before you roll your eyes, consider that for most of these people the belief was that money, power and success was a means to happiness for them and their loved ones. Despite what you see at the movies, financial professionals actually have a lower rate of divorce and substance abuse compared to many other professions.

The problem, mental health professionals who work with such cases say, is that financial success often works in covering up the emptiness.

They get fired from the law firm, laid off from trading floor or a wife leaves them. If substance abuse is front and center, the pivot point could be an intervention. And since the financial crisis, 20, jobs on Wall Street have been lost. Therapy practices on Wall Street are bustling. The quest for materialism and money is compulsive and an obsession. Broken inside, they use quantifiable measures to cover up the fact emotional development shut down long ago.

Many ended up overweight, addicted to substances or left the business. A minority found some sense of satisfaction and balance.

stock brokers and drugs

One thing Hollywood does get right is how hard it is for the rich and powerful to come to grips with their condition, mental health experts said. The drive that makes the banker, trader or dealmaker so successful often keeps them from confronting their weaknesses. A person gets to a place where they have everything they possibly could have wanted in their life.

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Again, the crisis is usually triggered by a watershed event: A spouse wants to leave them. Strategic plans are developed. Physical, emotional, spiritual and professional goals are put in quantitative terms. Cass uses a formula: Neither are as funny. Art may imitate life, but these recent high-profile movies about the dark side of wealth and power are mostly an one-dimensional reflection.

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