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>> It is simply not credible that someone would put on a huge position in 2008 and not give any thought to the impact their own trading would have on prices. A
by TuringNYC 9y ago
>> It is simply not credible that someone would put on a huge position in 2008 and not give any thought to the impact their own trading would have on prices.
And yet it keeps happenning, see "London Whale": https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_loss https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_lo...
- yellowstuff 9y agoGood point, it is surprising this keeps happening. There was difference, though. The London Whale got too big for his market, but I don't recall him ever suggesting that he hadn't even considered the effect his own trading would have on prices.