"Millions of human hands at work, billions of minds...a vast network, screaming with life: an organism. A natural organism."
- Max Cohen, in the motion picture .
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The NYSE
A timeline history of the New York Stock Exchange.
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Two eccentric, brilliant and controversial billionaires define the poles of investing philosophy:
Victor Neiderhoffer
Neiderhoffer's approach is as close to pure numerical analysis as anyone dares to go. His fund's value recently took a violent nosedive.
George Soros
Soros, an almost holistic diviner of global trends, is notorious for his peculiar mixture of shameless economic manipulation and heroic philanthropy. His fortune continues to expand rapidly.
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The New York Stock Exchange
is the world's largest equities
market. Some 3,000 companies
now list over 200 billion shares,
with a total market value
of more than $12 trillion.
The NYSE is an agency auction
market. Buy and sell orders meet directly on the trading floor, and
prices are determined by the interplay of
supply and demand.
The result is a complex, interrelated and
chaotic system which is manmade but staggeringly complex. Like pi,
the story of the stock market lies in a vast
string of numbers. If there is an order in this chaos,
it remains thus far invisible.
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