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Why Are So Many Traders Killing Themselves?

Posted By Barry Ritholtz On March 13, 2014 @ 8:49 am In Bad Math | Comments Disabled

This column is not about working too hard, or the dangers of high cholesterol, or lack of exercise. It is about a rash of suicides within the financial community. What this actually means is less certain than the reporting on it might imply.

Yesterday, 47-year-old Edmund Reilly, a trader at the Vertical Group, jumped in front of a Long Island Rail Road Train, and was pronounced dead at the scene. That led to an article from the New York Post [1] reporting that this was one of many recent suicides of people in the financial industry. IBT [2] had a headline last fall “Suicide Among Bankers Appears To Be On The Rise Again As Pressures To Get Banks And Businesses Back In The Black Takes Its Toll.”

The Post was so kind as to include a list of a half dozen other suicides this year by people working in finance. A quick search reveals many other finance suicides [3] in recent months. “Banker Suicides” even has its own Wikipedia page [4].

In the world of high finance, the latest problem is taking one’s own life.

Or is it?

Continues here [5]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2014/03/why-are-so-many-traders-killing-themselves/

URLs in this post:

[1] New York Post: http://nypost.com/2014/03/12/trader-throws-self-in-front-of-train-in-finance-worlds-latest-suicide/

[2] IBT: http://www.ibtimes.com/suicide-among-bankers-appears-be-rise-again-pressures-get-banks-businesses-back-black-takes-its-toll

[3] many other finance suicides: http://bit.ly/1fyewrH

[4] Wikipedia page: http://en.wikipedia.org/wiki/2014_banker_suicides

[5] Continues here: http://www.bloombergview.com/articles/2014-03-13/why-are-so-many-traders-literally-killing-themselves

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