09-09-2020, 01:01 PM
(This post was last modified: 09-09-2020, 01:08 PM by specuvestor.)
If Nick Leeson was able to held on his position for 3 more months he would be a big winner and maybe into the annals of great traders instead of collapsing ING
So was it luck that killed him or risk management, positioning etc? Would he lost all if he didn't show hand in the first place? So actions come first (including gift of the gap etc) or luck comes first?
Kuok said he was overly bold and almost bankrupt. Decade later Coca Cola looked for him. lucky?
Sometimes one might not be the right person at the right time or circumstances due to one's expertise. It's that the skill set and roles are different. US corporations understood that well ahead and they often hire professional managers to manage companies rather than the innovators or entrepenuers. Asians on the other hand like to do everything. I would think the consequence has more to do with actions than luck.
So was it luck that killed him or risk management, positioning etc? Would he lost all if he didn't show hand in the first place? So actions come first (including gift of the gap etc) or luck comes first?
Kuok said he was overly bold and almost bankrupt. Decade later Coca Cola looked for him. lucky?
Sometimes one might not be the right person at the right time or circumstances due to one's expertise. It's that the skill set and roles are different. US corporations understood that well ahead and they often hire professional managers to manage companies rather than the innovators or entrepenuers. Asians on the other hand like to do everything. I would think the consequence has more to do with actions than luck.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)