Gambling And The Financial Industry
The Wall Street Journal has a fascinating article (must pay for access) about Deutsche Bank trader Boaz Weinstein. He just netted Deutsche Bank a $1.8bn loss, wiping out the gains of two years of trading. Guess what his hobbies are? Chess, Poker and Black Jack. He was famous for his gambling — he had even once won a Maserati in a poker tournament. What does this say about the state of the financial industry? The guy is still considered a star trader by many…
SPIEGEL ONLINE has another article about Weinstein in German.
