Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Been there,done that, have the T'shirt
Old 09-27-2012, 03:41 PM   #1
Full time employment: Posting here.
NYEXPAT's Avatar
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 716
Been there,done that, have the T'shirt

'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC
Another story about a rogue trader, this time in the oil markets.

I did not realize people still partied like it was 1999?

Back in the early 80's, I headed the oil futures trading desk for a large multi-national and the industry was rife with workplace drug and alcohol consumption.

We would begin to party at 1pm at a restaurant and many days never made it back to the office.

On several occasions, I remember being admonished by the "risk desk" for holding open positions overnight and on others (if I was shorting) the Senior VP on the wet side (compadre) would call the "risk desk" and claim they were a hedge against wet barrels.

Getting paid to party always reminded me of a Dire Straits song and most of us either retired young or died trying!

A few weeks ago, I noticed my former Boss was one of the top 100 Billionaires in the world (although, no longer trades oil) and so I am happy to have somehow made an early contribution to her success!

NYEXPAT is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-27-2012, 03:54 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
Join Date: Mar 2003
Posts: 15,910
Some of the street houses were known for it. Bear Stearns was infamous.
"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."

- English Bob
brewer12345 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 12:24 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.