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'Psychopath' Hedge Fund Managers Make Less Money

10/20/2017

 
Author: Ben Steverman
Picture
Being manipulative and mean isn't the secret to success, a new study by two psychology professors says.
Maybe the secret to success on Wall Street is being nice.
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In the world of high finance, it’s been an article of faith among some that the only way to succeed—or even survive—is to be ruthless. But a new study in the latest issue of the Personality & Social Psychology Bulletin suggests those money makers at the top of the food chain, hedge fund managers, could benefit from being a little less mean. It turns out that people who exhibit what health professionals consider psychopathic traits actually perform worse than their peers over time. 

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