We’re joined today by special guest Nick Leeson, who is famous for the collapse of Barings Bank, one the oldest banks in the world at the time, to discuss liquidity risk in the markets, dealing with stress in extraordinary situations, the benefits of asking yourself the difficult questions, problems when interpreting vast amounts of data, what Nick looks for when investing today, the importance of communicating your feelings, and lots more.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Episode TimeStamps:

00:00 – Intro

01:43 – Macro recap from Niels

03:16 – Weekly review of performance

05:18 – Niels: What key decisions have shaped your life so far?

07:59 – Niels: Can you describe the period between 1992 & 1995?

12:44 – Niels: What do you remember about the supposed ‘complex’ products that your were trading?

16:19 – Moritz: What was it like trading in Indonesia?

20:06 – Moritz: How did you end up being sent abroad to run a business for a bank?

26:34 – Moritz: What type of products did you trade at the SIMEX?

29:32 – Niels: What are things you look for in a person or organisation you would want to invest with?

34:57 – Niels: You advise large businesses, so what are the discussions you are currently having with your clients?

49:39 – Moritz:What was your thinking & process while attempting to recover huge losses?

55:41 – Niels: Do you talk with your clients about a market’s liquidity risk?

58:53 – Niels: How has electronic trading made markets more liquid or less liquid?

01:02:16 – Niels: Do you see similarities between today’s scandals, and the behavious of past financial scandals?

01:05:49 – Moritz: How do you trade today, and what...

SI87: Dealing with stress when you bring down a bank ft. Nick Leeson

Top Traders Unplugged

SI87: Dealing with stress when you bring down a bank ft. Nick Leeson