Thanks to classroomclipart.com
JP Morgan’s $2B trading loss rocking the world. As if this week’s bloodbath at the markets is not enough!
There’s plenty of perspective and articles, below are from the Wall Street Journal about who / what is behind the loss – singling out “The London Whale”
http://blogs.wsj.com/deals/2012/05/11/the-london-whales-tale-as-told-by-storify/
http://blogs.wsj.com/deals/2012/05/11/warren-buffett-and-the-dimon-principle/?mod=wsj_share_twitter
An article in Reuters came out about “The Whale” – a trader possibly behind the $2B loss of JP Morgan. Read it here.
Article stressed the importance of position sizing and judging liquidity in the markets.
On the bright side, now is a great time to learn from mistakes, that we did not do!
Happy weekend!
