I can't believe this story "How a broker spent $520m in a drunken stupor and moved the global oil price." What an idiot:
http://www.telegraph.co.uk/finance/newsbysector/e…
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Incredible. I had heard this story last year but never saw any real details about it. I thought he was trading for a much larger firm and got hammered during lunch.
hilarious
This guy's an idiot, but then again how many people can say that they single handedly raised the price of oil by $1.50? Quite an accomplishment
Guy deserves a medal for single handedly raising the price of the oil so much
I think I've had drunken stupors that have raised the global price of Wild Turkey shots by $1.50
Live turkey has been shipped as of this morning. I will more carefully consider my market moving drinking binges in the future.
He got offered a job in Switzerland.
I am happy for him, because I believe people should be given a second chance. His drinking binge might be ridiculous, but that does not diminish the fact that he is a good trader. How many people get a new job with a couple of days of been laid off, and here is a guy who was banned from trading in the UK, and he got another job with Starsupply Renewables in Switzerland.
Steve Perkins must be a valuable commodities trader.
http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/786481…
The FSA will consider re-approving him as a broker after the ban, if he has recovered from his alcohol problem, but noted "Mr Perkins poses an extreme risk to the market when drunk".
Although I wouldn't work with/for him, I'd love to go drinking with this guy.
"Mr Perkins poses an extreme risk to the market when drunk."
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