The smartest of all rogue traders

I barely remembered his name. He waited a long time to publish his book. I don't know if Merrill can still sue him. Smart move.

https://www.theguardian.com/busines...se-350m-pounds-rogue-trader-barometer-of-fear

 

Why do they call them "traders" ? at best "Academic Market Enthusiasts" with markets ideas while utilizing everyone else's money, but their own.

 

"One chapter, quoting the question that has often been put to him, is titled: “Why did you do it?” At the end of it, having not said much about his motivations, he writes that, despite seeing a psychiatrist for two years: “I am not sure if I have come any closer to a definitive answer to the question.”

Doesn't seem to be a very interesting book. Maybe he needs the money to pay his psychiatrist.

For a fascinating read, I highly recommend "Rogue Financier" by Florian Homm

 

Any idea of how many copies would be sold (not just printed) usually for this kind of trading-related books? 20,000 copies?

How about investment-related books? 25 times (i.e. 500,000)?

 

Using Patrick Bateman moniker tells a lot about how his mind works, what a dipshit....

 

Why is he called the smartest? Because he was never charged and even wrote a book about it?

 

'professional' money managers don't have to give a shit-every month morons give billions of their hard earned cash,that these geniuses play with. Mostly in passive tracker funds. Their salaryshould of course be 100% performance based, andlikein the real world they should put up their homes as security,aloing with their vital organs to be used for transplant in the event of the next meltdown. They are all so bloody clever with trillions of QE behind them-when will we start to be repaid the loans we were not consulted on?

 

BUSINESS
THE 'ROGUE TRADER' WHO GOT AWAY WITH IT

http://www.newsweek.com/rogue-trader-who-got-away-it-271105

 

I always like a good get away story...

" during an interrogation with market regulators in New York, reportedly asked to break for lunch – then caught a jet out of the country."

Was he smart or the regulators dumb? Probably both also gutsy...

You have to admire the regulators though, if you first don't succeed: (from Wiki)

"When a 2-day congressional hearing found Hunter not guilty of pushing up prices, and thus adversely affecting end consumers of the gas, CFTC framed accusations against Hunter for trying to push the prices too low..."