The Fort cover image

#339 - Simon Wagner - Founder @ Granite Oak - Compounding $1M to $250M in 10 years

The Fort

00:00

Navigating the Turbulent Waters of Financial Markets

The chapter explores the speaker's journey at Morgan Stanley and the intricate workings of client-facing trading versus trading on the bank's balance sheet. It delves into the high-risk, high-reward dynamics of the financial industry in 2006, focusing on the securitization of assets like CDOs and complex derivatives. The narrative culminates in a reflection on significant financial losses, misjudgments, and the impact of the subprime market crisis, shedding light on the challenges faced by young professionals in a fast-paced trading environment.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app