Wall Street is known and unknown site at the same time. That definition actually does not come without reason. The main reason is because people know this place so well, physically, as it is located in New York, yet the economic practice within this street is strictly unknown as a whole. There are so many secrets that people even students of accounting do not know unless they come to play a part in the complexity of finance management here. What is still vaguely known in the Wall Street is about how Wall Street works.
Behind Interesting Work At Wall Street
There have been some answers related to what happen in Wall Street. There is also one movie known as the Wolf of Wall Street which explains some details about Wall Street even though its validity is still unknown. However, the movie is still a good source to define the way Wall Street works. In addition to the movie, there is also a cartoon explaining Wall Street through a missing money. From movie alone, there is one inference that can be obtained: Wall Street takes people’s money in exchange of nothingness.
Indeed, it is not completely true in all cases. Yet, in most cases, it is believed to work that way.
To put it in a very simple language, Wall Street is basically a marketplace where people sell and buy things. However, the ‘things’ are not something physical as they are in the form of stocks or bonds. Those who want to purchase the stocks also need to know what the future brings because stocks from the particular company may not be profitable in the future. This simple explanation is actually not enough to describe overall situation happening in the Wall Street since there are some agents who do not follow a regular pattern of trading. This is where political interest coming into the market share to control the market.