The world of finance..

[dreamstothesky]

 ..is actually a remarkably fascinating place.

So I took LJ’s advice, and for the last two months I have been working for a hedge fund. We’ve got the best part of “half a yard” (That’s $500,000,000 to the uninitiated) of other people’s money and every day we gamble it for them on buying things like currency forwards, government bonds, oil

Comments

[antoniabaker]

darling this is marvelous you can teach me all about it when I come home!

[dreamstothesky]

And we can compare notes on our two economies over a large gin.. very much looking forward to new year!

[midibu]

I once saw a video of Ben Elton talking about this - his grumble was that if you go into a pub and demand twice as many pints for your one shiny pound (this dates it!) as you got yesterday, because today you have a lot more confidence in your one shiny pound compared with yesterday... you get (a) laughed at and possibly (b) asked to leave.

[dreamstothesky]

That's a great example - it is no good if only _you_ have confidence in something, you need to convince someone else to have confidence in it too. And do to that, you need to convince the whole market, or at least fool him into thinking that you have convinced them. It is a marvelously intricate self perpetuating non linear dynamic system.