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Nick Leeson was a young trader at Barings Bank who was tasked with setting up a trading desk in Singapore. He was an aggressive risk-taker who told small, harmless lies that soon became big enough to bankrupt the bank. He exhibited several behavioral biases that also led him to run a full-fledged scam. When in prison, he wrote a book called Rogue Trader, detailing how he orchestrated the whole scam at Barings.
Zerodha Varsity on Social Media:
Instagram: https://www.instagram.com/zerodhavarsity/
X: https://x.com/ZerodhaVarsity
YouTube: https://www.youtube.com/@varsitybyzerodha
Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.
By Zerodha VarsityNick Leeson was a young trader at Barings Bank who was tasked with setting up a trading desk in Singapore. He was an aggressive risk-taker who told small, harmless lies that soon became big enough to bankrupt the bank. He exhibited several behavioral biases that also led him to run a full-fledged scam. When in prison, he wrote a book called Rogue Trader, detailing how he orchestrated the whole scam at Barings.
Zerodha Varsity on Social Media:
Instagram: https://www.instagram.com/zerodhavarsity/
X: https://x.com/ZerodhaVarsity
YouTube: https://www.youtube.com/@varsitybyzerodha
Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.