Whats Your Game?

My YouTube feed recently picked up a news item on the British Indoor Rowing Championships – my major point of surprise was that there was such a thing and this surprise was compounded by the fact that many were using it as a warm up event for the 2020 Summer Games. That’s right indoor rowing…

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Benoit Mandelbrot’s Ideas about Investing and Markets

Benoit Mandelbrot was a Polish-born, French and American “mathematician with broad interests in the practical sciences.” I met him only once at a lecture at Microsoft Research before he passed away in 2010. Mandelbrot and Richard Hudson are the authors of the influential book The Misbehavior of Markets: A Fractal View of Financial Turbulence. I suggest you…

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What I Learned from Losing $200 Million

I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think the disastrous deal I’d done would cause its collapse, my losses were quickly…

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