The technology may have advanced to HFT Trading, algorithmic trading but the rogue inside the human will always overpower the technology.
Let’s try to understand the case of Navinder Singh Sarao , Has he became the scapegoat ?
According to the justice department Mr Sarao and his firm is guilty of Nav Sarao Futures, made £26m ($40m) illegally over five years.
He has been accused of using an “automated trading program” to manipulate markets, and contributing to the flash crash of 6 May 2010. On that day, the Dow Jones index lost 700 points in a matter of minutes – wiping about $800bn off the value of US shares – before recovering just as quickly. Continue reading “The case of Flash Crash Trader”
What the wise man does in the beginning, the fool does in the end – Shares in the Berkshire Hathaway Textile Company could be had for around $7.50 when Mr. Buffett first started buying the stock for himself and his partners. It closed at $214,400 April 29th 2015. That’s an increase in excess of 2,850,000%. What a man and his vision:
Here are seven interesting things I learned about Warren Buffett from The Snowball, and some ideas on how they can help you’re investing:
- Buffett set goals young. (He really started, really young)
Buffet began obsessing over numbers as a child. He raced marbles with a stopwatch and calculated the lifespan of hymn composers when six-years old. He sold chewing gum at seven and Coca Cola when he was eight: the same year he began wearing a money-changer on his belt.
Continue reading “Warren Buffet and Berkshire’s 50th anniversary #BRK50”