Here's a story from when I first started trading. Back in those days brokers would fill up slow days with what they call good old cockney banter, shouted down

Here's a story from when I first started trading. Back in those days brokers would fill up slow days with what they call good old cockney banter, shouted down the squawk box. Lots of BS and old fashioned attitudes, but they'd also spice it up with horse tips. This horse looks good for that race according to the stable boy, that kind of thing. Every damn time the rumour would be wrong and everyone would lose a bunch of money. So one day my boss decides to rebel. "Not losing another hundred quid to this BS, all you assholes can lose yours!". Fate being what it is, the horse comes in. 30x. People are going nuts, one after another showing up at our desk to look at the idiot who didn't bet. And this is how everyone who has sense still ends up doing things that aren't sensible.