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shopster
 

Registered: Jul 2011
Posts: 1479

 

10-07-12 01:50 AM

Book Description
Publication Date: September 28, 2001

Refreshingly honest, highly irreverent, and wickedly funny confessions by Michael J. Marin.

Inside ... if you dare ... go on safari with a deliciously profane and entertaining guide to the Asian financial jungle who will show you a decade of pillage and plunder you could not have imagined and that you will never forget.

Meet the Human Drill Bit.

Discover what really happened when Yasuo Hamanaka lost close to Three Billion Dollars trading copper for Sumitomo Corporation.

Experience the terror of the chairish sinkish thing. Find out what keeps the Chairman of the Federal Reserve Bank up at night worrying about Asia.

Collect some great ideas for elaborate practical jokes and sophisticated money laundering.

Marvel at the dire consequences of hysterical greed. See Japan through the eyes of a foreigner who lived and worked there for 12 years, who speaks fluent Japanese, and who understands the culture well enough to tell when the emperor has no clothes.

Get the kind of candid perspective you can only get from an erstwhile wunderkind who doesn't give a rat's ass if he ever works on Wall Street again.

......................


Meet the Human Drill Bit...............?





the current honour roll.

http://en.wikipedia.org/wiki/List_of_trading_losses

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colonial dr
 

Registered: Aug 2012
Posts: 294

 

10-07-12 02:37 AM


Quote from ExchangeBonds:

Yale Law School, I thought education made every trader a success.



Don't tell that to some of the unemployed freaks around here. :Eek:

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marketsurfer
 

Registered: Apr 2002
Posts: 5425

 

10-07-12 03:01 AM


Quote from shopster:

Book Description


......................


Meet the Human Drill Bit...............?





the current honour roll.

http://en.wikipedia.org/wiki/List_of_trading_losses




The amusing part is almost anyone on that list could open a fund and raise 100 plus million very quickly-- that is if they legitimately lost the money meaning no fraud.

Wall Street is in awe of big money regardless of if you won or lost it. BUT once you aren't trusted, you might as well give it up,,,,,,,,,,,

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misterno
 

Registered: Jul 2007
Posts: 1165

 

10-07-12 01:59 PM

Our system is wrong

Current system rewards these maniacs most probably Alpha males full of greed to manage large corporations, funds, operations etc

System is wrong

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marketsurfer
 

Registered: Apr 2002
Posts: 5425

 

10-07-12 02:48 PM


Quote from misterno:

Our system is wrong

Current system rewards these maniacs most probably Alpha males full of greed to manage large corporations, funds, operations etc

System is wrong



Who would you reward? The wallflower hiding in the corner?

If you lose huge, Wall Street knows you have the capacity to win huge. So they will bet on you again and again. Those who churn will burn. surf

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