More cleverness by Michael Lewis –
I’d like to start by making a confession: It’s never been easy being me.
Managing billions of dollars of other people’s money, and countless millions of my own, has been highly stressful. There was a time when I thought my anxiety, not to mention the investigations of my affairs by various U.S. government authorities, might break me — and so, on the advice of my attorneys, I took some time off. But that period of my life, thankfully, is now over. Just last week, for the first time in months, I fired up my Bloomberg terminal!
There I discovered that I’m not the only extremely distinguished Wall Street trader whose life is more difficult than ordinary people understand. Looking over the stories that people who can afford Bloomberg terminals have been e-mailing to one another over the past few months, I see the anxiety of financiers hitting new highs: Old bankers have been killing themselves; young bankers, burned out by their 90-hour-a-week jobs, have been quitting in drovesto work for startups; hedge-fund managers are now telling the public that the stock market feels so dangerous that they are selling their holdings and going into cash.
More here – Bloomberg View