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Jimmythegiant, Zack Polanski and Gary’s Economics- on 10:21 - Sep 18 by JakeITFC
Gut feel whilst reading it and backed up by speaking to colleagues after. He stumbled across a (admittedly very lucrative) niche in a desk and coined it for a little while but don’t think it was via some super savant skill set.
(FWIW I don’t disagree with a lot of his conclusions about inequality etc, I just think he’s a bit full of himself in the book as some sort of Nostradamus type).
I remember when that FT article came out and was peddled as some sort of 'gotcha' moment, it is and it isn't. He's quite clearly embellished his success, and the most pertinent point in that article is that he would never know how profitable other traders at Citibank were globally, so its almost certainly a baseless claim. Its important to hold people to account when they spout stuff like that don't get me wrong, but I'm not sure it really detracts from a lot of what he says. Ultimately he shares his opinion, he's attempted to build credibility and an audience based on exaggerated career claims, in hindsight perhaps unnecessarily bullish and inflated. I've no doubt he's an intelligent guy who has done very well for himself though, and he articulates his views well. I can't help but think had he been a bit more realistic of his successes it still would've served the same purpose for him. Or maybe the soundbite has helped him 'cut through', who knows.
I think he has to be taken for what it is. Even if his claims of being Citi's most profitable trader were true, it doesn't change a great deal and wouldn't guarantee what they're saying is necessarily accurate or would transpire. He's offering his opinion, its up to people listening to form their own conclusions.
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Jimmythegiant, Zack Polanski and Gary’s Economics- on 13:31 - Sep 18 with 245 views
Jimmythegiant, Zack Polanski and Gary’s Economics- on 12:22 - Sep 18 by _clive_baker_
I remember when that FT article came out and was peddled as some sort of 'gotcha' moment, it is and it isn't. He's quite clearly embellished his success, and the most pertinent point in that article is that he would never know how profitable other traders at Citibank were globally, so its almost certainly a baseless claim. Its important to hold people to account when they spout stuff like that don't get me wrong, but I'm not sure it really detracts from a lot of what he says. Ultimately he shares his opinion, he's attempted to build credibility and an audience based on exaggerated career claims, in hindsight perhaps unnecessarily bullish and inflated. I've no doubt he's an intelligent guy who has done very well for himself though, and he articulates his views well. I can't help but think had he been a bit more realistic of his successes it still would've served the same purpose for him. Or maybe the soundbite has helped him 'cut through', who knows.
I think he has to be taken for what it is. Even if his claims of being Citi's most profitable trader were true, it doesn't change a great deal and wouldn't guarantee what they're saying is necessarily accurate or would transpire. He's offering his opinion, its up to people listening to form their own conclusions.
Of course, but I don’t think his schtick of being the best trader in the world whose predictions are right every year holds up.
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