#127 Nick Leeson – Former Rogue Trader on Conquering The Markets - podcast episode cover

#127 Nick Leeson – Former Rogue Trader on Conquering The Markets

Jan 11, 202358 minEp. 127
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Episode description

Nick Leeson is CEO of Bull & Bear Capital and former derivatives trader notorious for the collapse of Barings Bank, the United Kingdom's oldest merchant bank. Nick was the “Rogue Trader” who made fraudulent, unauthorized and speculative trades, and his actions led directly to the 1995 collapse of the bank, for which he was sentenced to prison in Singapore.

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(01:42) Introduction
(04:30) The change in markets from 2021 to 2023
(07:46) Comparison of recessions from 2008 
(10:00) Simple explanation of rate hikes
(12:00) Could we have avoided a recession?
(18:30) The markets could underperform for over a decade
(21:15) China's economy and recovery for the world
(23:15) Importance of learning from Asian markets
(25:40) Getting into rhythm with the markets   
(27:40) Building a trading strategy at as beginner
(32:45) Trend trading versus day trading
(36:40) The Rogue Traders strategy in 1995
(39:40) Manipulation in trading during the 90s
(46:06) History doesn't repeat, it rhymes 
(48:20) The sentiment of crypto markets now
(51:30) The fall of FTX
 
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