Comments on: Jerome Kerviel’s HR interview

By: SusieQ

SusieQ — Wed, 30 Jan 2008 20:30:28 +0000

Well, I think we should give that man a medal. Losing £3.7bn?? The most I’ve ever lost is a tenner (it still hurts when I think about it…)

By: SimonT

SimonT — Wed, 30 Jan 2008 13:09:35 +0000

“Trader is arrogant risk taker with tenuous grasp on reality”. Well, stop the press. People talk about Kerviel’s Walter Mitty-ish behaviour as if it were unusual, but everyone who works with stocks and shares is, by definition, a fantasist, since the value of businesses is largely a matter of collective perception (or perhaps, of hallucination). You only have to look at the last Dot Com bubble to see that (read Cassidy’s Dot Con for all the gory details, it’s hilarious).

By: radio_menthol

radio_menthol — Wed, 30 Jan 2008 04:48:48 +0000

You just got to wonder how anyone could lose that amount of money in a single go. I can understand losing twenty quid because some fucker’s deftly put his hand in your pocket and yanked the money out but £3.7 billion? If I were one of them, I’d start searching the couch for my revolver.