Saturday, October 27, 2012

Quote of the day

"Our book was massive. A tiny mistake led to huge losses. We were these two kids trying to make it work. There was a total of 30 months in trading [experience] between the two of us and we were in charge of a $50bn book. We were just losing so much money – it was mental."

Suffice to say my post-university experience has been somewhat different to that of another Nottingham graduate (and sometime acquaintance), Kweku Adoboli, the trader currently on trial accused of recklessly gambling away £1.5bn of UBS' cash.

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