fridayshow 发表于 2010-9-30 14:48

[ZZ] Prop trader的末日。顺便问德国银行咋了?

一篇Bloomberg上的社评。其中有一段挤兑德国银行的哈哈哈
Find the Fool

The proprietary trading business turns in part on one’s ability to find the fool -- to find people willing to take the stupid side of the smart bets you are placing. One of the side effects of our seemingly endless financial crisis is to wash a lot of fools, many of them German, out of the game.

It’s as if a casino owner awakened one morning to find the tourists had all gone, and the only remaining patrons are pros counting cards at his blackjack tables. As he looked around his casino, for the first time in his life, he couldn’t find the fool. And the first rule of the casino business is: if you don’t know who the fool is, it’s probably you.

Prop trading isn’t as promising as it used to be. At the same time it’s a far greater nuisance than it ever was: The regulators might actually be paying attention to what your traders get up to; if they screw up the financial press is poised to write a story about them; and so on.

fridayshow 发表于 2011-8-27 00:14

自问自答。the big short这本书把这里写得再清楚不过了。杜塞尔多夫成了傻瓜投资者的代名词呵呵。

乐水鸣佩环 发表于 2011-8-27 06:15

去中国吧,钱多人傻
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