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I keep thinking about Nick Leeson, the trader who caused Barings Bank to collapse. He was highly successful with his speculative trades, but eventually things
by Twirrim 7y ago
I keep thinking about Nick Leeson, the trader who caused Barings Bank to collapse.
He was highly successful with his speculative trades, but eventually things got out of hand and he was having to make bigger and bigger gambles to try to recover the lost money, until it all fell apart on him.
You can talk about being a fund with a view to 300 years of the future, but you're not going to get there if you act recklessly with the now.