Anyone reading/read “The Trading Game", by Gary Stevenson, former Citi STIR trader?
Curious to get some thoughts from folks currently on a similar desk. Putting aside the fact that the story takes place over 10 years ago, wondering how much of the day to day/situations he describes are comparable to what goes on today.
Also, just thoughts on the book in general..
Just finished it today. It was a good read and overall I like how Gary comes across but below I will list things I have an issue with in case an impressionable kid reads the book and takes it as gospel.
All of that said it's probably the best finance-person-tells-all book since Liar's Poker as the guy actually spends a lot of time on the finance and doesn't just chat about parties and drugs like most other similar books. I hope he is in a good place mentally and that he keeps on popularising economics and finance but I'd be happier if he starts offering some slightly more nuanced takes. If people want to read more about inequality and how it negatively affects growth I'd suggest reading Trade Wars Are Class Wars by Michael Pettis and Matthew Klein which goes deeper than what Gary offers on his YouTube channel and offers similar conclusions with less extreme politicising.
Also, not on a similar desk sorry. I'm a vol guy, lol
S&T personalties are a different breed.
ahaha thats so funy. any experiences you have to share?
Some builder man who came by our house to do some work one time (sleazy man, but all tradies are) said I should go "look up Gary to prepare for what I need to know and be prepared to go and get coffees for people".
I don't know much about this Gary person but that pissed me off and if that is the type of audience that he draws, then I think I'd rather not read or hear about him.
Wishful thinking from him. The irony is that society will only become increasingly economically stratified as time goes on. It’s merely a power fantasy which will never manifest, for better or worse.
I just don't like tradies.
I haven’t read his book and never will, but from all the promotional media coverage written on him this is the impression I got: he got insanely lucky, his luck ran out/he got burnt out and now plays this ‘I am so cool and you guys are stupid, capitalism bad I got the better of it’ persona. He must be insanely insufferable. He is literally shitting on everything and every institution he interacted with when he displayed limited skill (lol at his carry trade), even more limited insights (sorry to burst your bubble but economic inequality isn’t driving shit in the real world) and walked out with millions at a young age (god I wish I was a trader at a bank 15 years ago, gambling away their capital). He won life’s lottery and uses that just to mythologise himself.
A lot of people made money at a similar age, none of them are so insufferable and self-righteous about it. Go party in Dubai or Bali like a normal newly minted young millionaire instead of being miserable in London and preaching midwit communist doctrine.
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