Wednesday, November 3, 2010

U.S. Marines in the trading pits

The US Marine Corps will be celebrating their 235th anniversary in a week on November 10th and all Americans owe a debt of gratitude to their service.  I'm honored to have cousins who are Marines and if given another lifetime would like to become one myself.  It is humbling that the Marines could learn stuff from pit traders as they partnered with NYMEX in the 1990s on exercises to learn of functioning under stress and decision making.  A few articles linked below outline some findings:

Virtual Stress By Capt. Mike Snyder

Cultivating Intuitive Decisionmaking by Gen. Charles Krulak

War in the Pits by F.J. West Jr.
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