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The Money Game by Adam Smith

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15. THE CULT OF PERFORMANCE

If you listen either to Successful Operator, eaves-dropping on the great Keane, or to Odd-Lot Robert, eavesdropping on the sister’s friend from City Hall, you will notice one attitude in common: There is a They out there in the market. They, says Successful Operator in 1881, are about to pull another Bear Raid on the Erie; They, says Odd-Lot Robert, are about to split the stock.

Who are They? Well, They are the people who move stocks. They get the information first, maybe They even create the information, and They are about to put the stock up or down. They are mysterious, anonymous, powerful, and They know everything. Nothing fazes Them. They are the powers of the marketplace.

Is there really a They? Only a few years ...

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