Chapter
Reflecting on Trading Career and Personal Responsibility
30:41 - 39:01 (08:19)
A former trader reflects on the downfall of their company and their own role in it, admitting a lack of adaptability and narrow-mindedness in their approach to trading.
Clips
The speaker reflects on his time as a fixed income securities trader and how he lost everything he made during the financial crisis.
30:41 - 33:52 (03:11)
Summary
The speaker reflects on his time as a fixed income securities trader and how he lost everything he made during the financial crisis. In hindsight, he describes how his obsession with the financial markets was myopic and narrow, inspiring him to pursue a life beyond the computer screens.
ChapterReflecting on Trading Career and Personal Responsibility
Episode#321: Brandon Stanton — The Story of Humans of New York and 25M+ Fans
PodcastThe Tim Ferriss Show
The guest explains how his trading company went out of business in 2008 due to changes in market volatility, and how he was personally responsible for refusing to adapt to the new conditions.
33:52 - 35:49 (01:57)
Summary
The guest explains how his trading company went out of business in 2008 due to changes in market volatility, and how he was personally responsible for refusing to adapt to the new conditions.
ChapterReflecting on Trading Career and Personal Responsibility
Episode#321: Brandon Stanton — The Story of Humans of New York and 25M+ Fans
PodcastThe Tim Ferriss Show
Tim Ferriss and his guest discuss the appeal of finance and market investments due to the psychology behind making money and loss aversion.
35:49 - 39:01 (03:11)
Summary
Tim Ferriss and his guest discuss the appeal of finance and market investments due to the psychology behind making money and loss aversion. They also discuss the objectivity and ability to observe that is required when investing.