atans1

Why People Persist in Risky Trading

In Financial competency on 19/05/2017 at 1:28 pm

I remember the “peanuts” made by the S’pore MD of Rothschilds here who got into trouble in the late 80s or 90s with the law over a risky trade.

Lost a cushy job and his reputation for “peanuts”.

From NYT Dealbook

WHITE COLLAR WATCH

Why People Persist in Risky Trading

By PETER J. HENNING

When they have good careers, and their questionable deals don’t even make that much, why do they do it? Perhaps it’s hubris, mixed with the lure of easy money.

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