Wall Street likes to remind us that no matter how big the financial gain or how steep the loss, there are always two sides to every trade, a winner and a loser. Sounds fair enough.Wall Street likes to remind us that no matter how big the financial gain or how steep the loss, there are always two sides to every trade, a winner and a loser. Sounds fair enough.
MarketWatch spoke with Demmissie for The Value Gap, an interview series about the economic dimensions of inequality and racism. Here are highlights from the interview, which has been edited for clarity: “ ‘There’s something about diversity that leads to dynamic idea generation, the ability not to be tone deaf, the ability to catch each other’s blind spots.’ ”
Demmissie: First of all, it’s not going to happen just with one industry, one people or one firm. This is a multifaceted problem. What we have to start out doing is to sort of adjust our mental mind frame as individuals. It’s also going to take managerial courage for anybody who has power. Because at the end of the day, what you have to understand is that there is no singular answer. Unfortunately, there isn’t.
I tell people to hold yourself accountable. Just check out your LinkedIn profile. What percentage of your network is diverse? Yeah, because I guarantee you, when you’re about to recommend somebody as a hire to somebody, you’re going to go there anyway. Start enriching the diverse nature of that composition early. That’s the shadow network I’m talking about.
“ ‘There’s no room for me to be weary. There is no room. That’s true whether you are doing investing, or whatever plan you have for your life.’ ” MarketWatch: What would you say to the investing community about the future, particularly at a time when the nation remains so divided and there’s plenty of animosity toward Wall Street?
Motivate us? A big switch from the usual permanent victim routine. What a concept to be motivated. Novel idea.
Any American of any income bracket can invest in the stock market. Americans should be educated at a young age in grade school the advantage of gaining wealth for the future though the stock market. Plainly snubbing lower class Americans.
“Institutionalized Issues” aside, people prioritize how they will spend much, or little $$. Let’s prioritize buying shares in Nike/GM/Apple, etc., more readily than simply buying said corporations’ products. BecomePartOwnerOfCoporation!
It’s ok because our entire was when stocks fell more then half the prices
Are you advocating for taking someone’s property and giving it to someone else based on the color of their skin? Because that’s racist.
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