World Famous Trader: The Trader Who BROKE The UK’s Oldest Bank - Nick Leeson

Jan 8, 2025

Nick Leeson, known as the 'Rogue Trader,' infamously caused the collapse of Barings Bank in the 1990s. He shares insights on the psychological toll of trading, emphasizing the importance of personal accountability and self-awareness. The discussion includes his dramatic escape from arrest, the chaos of his life as a trader, and lessons learned from immense financial losses. He also reflects on the emotional struggles in high-stakes trading and the need for discipline and routine to navigate market volatility.

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ANECDOTE

Wild West Trading In Singapore

Nick Leeson described arriving at Barings' Singapore arm that lacked offices and basic controls.
He ran the business out of a hotel room and inherited a profit-first culture with minimal infrastructure.

ANECDOTE

The Real 'Chair' Incident

Leeson confirmed the bar fight scene in The Rogue Trader was real and left him badly injured.
He concealed the truth at work and lied it was a car crash to avoid questions at Morgan Stanley.

INSIGHT

Timing Is The Core Edge

Leeson argues timing is the core of success in trading and life.
He says analysis plus correct timing gives you an edge, though not guaranteed success.

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