Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Manly investing

Author Joel Stein said that Wall Street men represent the "deconstruction" side of masculinity (the other side being "construction). Daniel Berehulak/Getty Images

Subscribe to our Newsletters

From the finances of the manliest among us to, well, the rest. Though he feels comfortable wondering aloud if he would be a better Girl Scout than a Boy Scout, author Joel Stein went on a quest for manliness. His “manjourney,” as he dubbed it, saw him enroll in a three-day Marine boot camp, work as an L.A. firefighter for a day and even get in the ring with a UFC Hall of Famer. Stein documents those adventures in his new book “Man Made: A Stupid Quest for Masculinity.”

During this experiment, he dipped his toe into the testosterone-driven world of Wall Street too. He convinced a day trader to give him $100,000 to play with for a day. Stein said that Wall Street men, to him, represent the other side of masculinity: Deconstruction. But the day-trading showed him that taking some risks can be beneficial — and isn’t manliness all about risk taking?

“If you can distance yourself from the manly men and let them duke it out and just get the gains — like with an index fund — then you’re way ahead,” he said. “Because you’re just exploiting their fight. but you don’t want to get involved in their fight; all downsides.”

Stein said he hopes his son becomes financially responsible like him, but that he’d be more risky — perhaps even go bond-less!

Listen to the full interview by clicking on the audio player above.

What's Next

Latest Episodes From Our Shows

5:26 AM PDT
2:39 AM PDT
3:08 AM PDT
Mar 24, 2023
Mar 24, 2023
Mar 22, 2023
Dec 8, 2022
Exit mobile version