Analysis: Young People Are More Narcissistic Than Ever

Analysis Young People Are More Narcissistic Than EverA new analysis of the American Freshman Survey, which has accumulated data for the past 47 years from 9 million young adults, reveals that college students are more likely than ever to call themselves gifted and driven to succeed, even though their test scores and time spent studying are decreasing.

‘Incredible self-involvement’

Psychologist Jean Twenge, the lead author of the analysis, is also the author of a study showing that the tendency toward narcissism in students is up 30 percent in the last thirty-odd years.

On Facebook, young people can fool themselves into thinking they have hundreds or thousands of “friends.” They can choose to show the world only flattering, sexy or funny photographs of themselves. Using Twitter, young people can pretend they are worth “following,” as though they have real-life fans. Using computer games, our sons and daughters can pretend they are Olympians, Formula 1 drivers, rock stars or sharpshooters.  On MTV and other networks, young people can see lives just like theirs portrayed on reality TV shows fueled by such incredible self-involvement and self-love that any of the “real-life” characters should really be in psychotherapy to have any chance at anything like a normal life.


‘Greatest epidemic’

All the while, these adolescents, teens and young adults are watching a Congress that can’t control its manic, euphoric, narcissistic spending, a president that can’t see his way through to applauding genuine and extraordinary achievements in business, a society that blames mass killings on guns, not the psychotic people who wield them, and—here no surprise—a stock market that keeps rising and falling like a roller coaster as bubbles inflate and then, inevitably, burst.

We had better get a plan together to combat this greatest epidemic as it takes shape.  Because it will dwarf the toll of any epidemic we have ever known. And it will be the hardest to defeat. Because, by the time we see the scope and destructiveness of this enemy clearly, we will also realize, as the saying goes, that it is us.

Do you agree that the youth of today’s generation are more narcissistic than ever? Share your thoughts and opinions with us!

Source: Dr. Keith Ablow, Fox News

Image: Under 30 CEO

Facebook IPO Small Investors: Is The Stock Market Rigged?

Lots of people believe the stock market is a playground for well-connected insiders. This is an old complaint…but it is one that seems to hang particularly thick in the air these days. The Facebook IPO only confirmed people’s suspicions that the game is unfair.

Here was the biggest IPO in the history of US markets. And we learn that big banks and hedge funds got the early dope that Wall Street analysts dropped their estimates for Facebook’s earnings only days before the IPO. The small investors, who were not in the know, were led like pigs to slaughter.  Facebook’s stock is down 29% since it opened at $42.05 per share on May 18. This grim result is causing a lot of howling about the IPO process and those “damn Wall Street banks.” Of course, you could take the view that investors who fool around with hyped IPOs get what they deserve. My sympathies lean in that direction. If you play with fire, you might get burned.


In short, Facebook is another black eye for a market that already has a lot of black eyes. In the last dozen years, we’ve suffered through two 50% drops from peak to trough, plus a long list of scandals and shenanigans. Facebook just added to the feelings of disgust and revulsion people already felt toward the stock market.

People remember the headline-grabbing stories about certain stocks that “blew up.” But meanwhile, there are many stocks that just keep plodding along. There are many, many companies with good managers and decent businesses that give a fair shake to their owners. On a portfolio basis, such stocks can make the little guy a lot of money over time. But you have to know where to fish. IPOs, such Facebook’s, are not an ideal fishing hole.

Nothing works 100% of the time, of course. But it’s like poker. If you start with aces, you have the odds in your favor. So is the market rigged? Yes. But it’s not always rigged against you.

Do you think the Facebook IPO is just another big conspiracy in the stock market? Tell us what you think of this conspiracy theory!

Source: Business Insider

Image: Meme Burn