Boaz Weinstein Thrives in Market Chaos With a 25.5% Gain in 2020

RRY16 · Mar 7, 2020

The Humble Bunch said:
I did trade for Golub capital, I managed MM books. I was treated pretty unfairly considering I was the best trader there. I was being payed 28k a year even though I managed billions AUM. So, I went on to lehman brothers where I didn't know what I was doing. I felt so comfortable back at golub, I couldn't even profit a single penny the first months I went there because of their lack of order flows. I had to call other brokers to see specific details. After 8 months or so, I couldn't stop making money. I was so good at my business, I felt very greedy because I wasn't being paid ALOT more. I was already being paid 7-8 figures each year, but before I could quit, they collapsed. I made huge sums that day, I knew what they were doing behind the scenes, rather I didn't want a hit man coming for me from the sec. 1 week before they collapsed, I dropped my senior position, gave it to a subordinate, then shorted the stock via option derivatives. Every one was crying, office papers everywhere, but I was smart enough not to stick to one side.
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Who was your boss @ Lehman? You have 2 minutes to answer.

The Humble Bunch · Mar 7, 2020

RRY16 said:
Who was your boss @ Lehman? You have 2 minutes to answer.
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Richard servain or what ever.

Same Lazy Element · Mar 7, 2020

The Humble Bunch said:
I did trade for Golub capital, I managed MM books. I was treated pretty unfairly considering I was the best trader there. I was being payed 28k a year even though I managed billions AUM. So, I went on to lehman brothers where I didn't know what I was doing. I felt so comfortable back at golub, I couldn't even profit a single penny the first months I went there because of their lack of order flows. I had to call other brokers to see specific details. After 8 months or so, I couldn't stop making money. I was so good at my business, I felt very greedy because I wasn't being paid ALOT more. I was already being paid 7-8 figures each year, but before I could quit, they collapsed. I made huge sums that day, I knew what they were doing behind the scenes, rather I didn't want a hit man coming for me from the sec. 1 week before they collapsed, I dropped my senior position, gave it to a subordinate, then shorted the stock via option derivatives. Every one was crying, office papers everywhere, but I was smart enough not to stick to one side.
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What product did you trade and what floor where you on in the Lehman building?

The Humble Bunch · Mar 7, 2020

I traded derivatives in lehman's 7th floor, and 2nd on golub

Same Lazy Element · Mar 7, 2020

The Humble Bunch said:
I traded derivatives in lehman's 7th floor, and 2nd on golub
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What kind of derivatives? Choose carefully

for variety of reasons, I have my doubts you’ve been a trader at Lehman (don’t know about Golub)

newwurldmn · Mar 7, 2020

Same Lazy Element said:
What product did you trade and what floor where you on in the Lehman building?
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What color is the boathouse at Hereford?

PoopyDeek · Mar 7, 2020

I met a guy from Golub... "traders" there don't exist beyond LL portfolio managers/traders. I'd like to see his ISDA, tho.

PoopyDeek · Mar 7, 2020

newwurldmn said:
What color is the boathouse at Hereford?
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It's blue, but you're looking for, "how the fuck should I know?!"

Same Lazy Element · Mar 7, 2020

newwurldmn said:
What color is the boathouse at Hereford?
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Actually, I know a lot of people who worked in various groups at Lehman so I could quickly establish if he’s full of shit (sadly, that’s my prior in this case).

fwiw, I don’t remember any floor numbers by now myself

PoopyDeek · Mar 7, 2020

Same Lazy Element said:
Actually, I know a lot of people who worked in various groups at Lehman so I could quickly establish if he’s full of shit (sadly, that’s my prior in this case).
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I know your background (bc you've told me and you're published), but you obviously haven't seen the movie "Ronin."