Review of Rogue Trader (1999) by Glyn H — 03 May 2008
This whole ridiculos story is about hiding his losses!
In trading, losses happens all the time and itâ??s just part of the game except â?? donâ??t make a habit of it.
1) he should have declared his losses to his bosses because in the recent case of trader in society general banque recently 2008, the trader got off the hook because he declared his losses to his bosses and the boards took responsibility.
2) Nickâ??s boss- Ron Baker is a guy who doesnt know a toss about trading!
3) Nick only initially lost 300 million,,,,,now why didnâ??t he close his position at that point? Anyhow when he didnâ??t come into the office the next Friday why did heck didnâ??t Barings close his position to deter from more losses?( oh yes I forgot, Ron Baker didnâ??t know a thing about trading thatâ??s why)- because of this unclosed position, the losses accelerated to 800 million whislt Nick was away in Kinabalu.
This review of Rogue Trader (1999) was written by Glyn H on 03 May 2008.
Rogue Trader has generally received mixed reviews.
Was this review helpful?
