From my list on what makes commodities traders tick.
Who am I?
After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.
Brad's book list on what makes commodities traders tick
Why did Brad love this book?
One of the first “tell-all” Wall Street books, this 1989 treasure tells the story of the rise and fall of Solomon Brothers bond trading firm as witnessed from one of its salesmen, Lewis, from the inside.
It is a tale of greed and egos and men with little understanding of the products they sold, let alone scruples to care one way or the other, getting filthy rich in a system that even, at times, rewarded failure and penalized success. It tells how egos ran Solomon, once the most powerful firm in finance, and headed by its venerable CEO John Gutfreund (dubbed at one point “The King of Wall Street”), into the ground.
What makes the book so appealing is Lewis’ tongue-in-cheek and even self-deprecating voice that cuts these Wall Street demigods down to size and exposes them for the flawed and often petty individuals they could be, even as they…