Want to avoid woke stockmarket rules? List in Texas

“Equities in Dallas,” cried the traders in “Liar’s Poker”, an account by Michael Lewis of his life as a junior banker in the late 1980s. Demotion from New York to the backwater of Texas would be a humiliation. Who wants to sling shares to yokels?

This article appeared in the Finance & economics section of the print edition under the headline “Don’t mess with Texas”

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