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How One Goldman Sachs Trader Made More Than $100M

wsj.com

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Re: How One Goldman Sachs Trader Made More Than $100M

#11

Post by wangchow »

temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

Or, do what's fair and pay up if you like the articles..

Re: How One Goldman Sachs Trader Made More Than $100M

#12

Post by jawilson2 »

temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

https://chrome.google.com/webstore/detail/read-wsj/fbnkddhhm...

Re: How One Goldman Sachs Trader Made More Than $100M

#13

Post by suanmeiguo »

temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

Google the article title, then click on the google news link. full article bang!

Re: How One Goldman Sachs Trader Made More Than $100M

#14

Post by kzisme »

jawilson2 wrote: post #12
temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

https://chrome.google.com/webstore/detail/read-wsj/fbnkddhhm...

I don't even bother wasting my time to go around a PayWall anymore. Slight annoyance has led me to avoiding and WSJ links unless it's fairly interesting.

Re: How One Goldman Sachs Trader Made More Than $100M

#15

Post by kzisme »

wangchow wrote: post #11
temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

Or, do what's fair and pay up if you like the articles..

Is their $12/12 weeks method ~really~ that effective for news aggregation websites such as HN or Reddit? Unless you've been a subscriber to the physical subscription, and enjoy it I see no reason why someone from one of these sites would subscribe.

Re: How One Goldman Sachs Trader Made More Than $100M

#17

Post by TwoFactor »

temuze wrote: post #6

How to get around the WSJ paywall: - Copy the URL - Paste the URL into the Facebook textbox where you would create a post - Click on the preview, so the referrer url is Facebook Could probably make a Chrome extension for this...

Click the "web" link under the article title, then click on the first result.

Re: How One Goldman Sachs Trader Made More Than $100M

#18

Post by lordnacho »

Like the article says, it's very hard to distinguish between market making and prop trading. Especially in illiquid stuff like corporate bonds, the MM needs to hold positions for extended durations, so they have a valid excuse to not be closed down entirely by Volcker.

The real reason they make all that money is flow. The guy on a desk like that knows what customers are calling, what they're concerned about, roughly how easy it is to get rid of stuff, and so on. It's not surprising he has a good idea of what's going to happen, and he's in a good position to take advantage.

Surprised their VAR (which is a crap way to measure risk) is not even halved in relation to before the crisis. People were definitely chucking it about back then, and the mood these days is like a morgue.

Re: How One Goldman Sachs Trader Made More Than $100M

#19

Post by roymurdock »

polskibus wrote: post #16

Did he make 100 m in profits for the company or did he earn 100 m for himself from GS as renumeration?

One junk-bond trader at Goldman Sachs Group Inc. earned more than $100 million in trading profits for the firm earlier this year, an unusual gain at a time when new regulations have pushed Wall Street to take fewer risks.
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