Friday, March 09, 2018

New York Stock Exchange at work today............

One of the greatest fraternities of all time, better than Christ's 12 disciples, better than Tau Kappa Epsilon at UMM, better than Sigma Chi at UGA was the membership at the NYSE before it went public.

For decades those guys ruled trading in the canyons of lower Manhattan.  It wasn't about killing it,  it was about staying alive and taking care of each other.  It was guys who had their seats financed by friends who would "owe" them until the end of time.  It was family ties.  It was specialist firms tied together to just keep the gravy train intact.  Today it is all gone.

Here is a beautiful picture of the NYSE at work today.



 

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