Gary Stevenson, the author of “The Trading Game,” spent his early 20s trading trillions of dollars for Citibank in London and Tokyo. He claimed to have won the job playing a card game and eventually became Citibank’s most profitable trader. While some of his colleagues lived a life fueled by partying and cocaine, Gary earned millions betting against the global economy. He talks to Business Insider about office culture in Canary Wharf, London, the bosses, and the bonuses. He covers the mindset of profitable bankers, their daily routine, and what leaving the job is like. Now, Gary is a published author and teaches economics through his YouTube channel Garyseconomics. For more: "The Trading Game" -US publication https://www.penguinrandomhouse.com/books/727417/the-trading-game-by-gary-stevenson/ "The Trading Game" -UK publication https://www.penguin.co.uk/books/455809/the-trading-game-by-stevenson-gary/9780241636602 Gary's YouTube https://www.youtube.com/@garyseconomics 00:00 - Intro 00:24 - The Lifestyle 05:24 - Brokers 08:17 - The Bosses 12:50 - The Bonuses 16:44 - The Recruitment 22:58 - The Money Floor 25:59 - The Job 28:22 - Getting Out 34:49 - The Future 38:49 - End Credits ------------------------------------------------------ #millionaire #authorizedaccount #insider Insider's mission is to inform and inspire. Visit our homepage for the top stories of the day: https://www.businessinsider.com/ Insider on Facebook: https://www.facebook.com/insider Insider on Instagram: https://www.instagram.com/insider Insider on Twitter: https://twitter.com/thisisinsider How Millionaire Bankers Actually Work | Authorized Account | Insider Insider on Snapchat: https://www.snapchat.com/discover/Insider/2708030621 Insider on TikTok: https://www.tiktok.com/@insider How Millionaire Bankers Actually Work | Authorized Account | Insider
  • @jpreston2005
    4•4 months ago

    I’ve seen a couple of his videos before, and remember having the same reaction he described “They see a young kid, used to work as a trader, talking about the economy, and think, who the f*$% is this? He’s not even an economist?” But I also remember that what he said made sense, makes sense.

    He mentions something like this in the video, but I had a similar thought that I’ll share. conspiracy theorists love to think about the dark figure in the shadows, holding the power, pulling the strings, to make the world as they see it. And while that can be scary, it’s also comforting, because the alternative is far worse, that there isn’t anybody behind the curtain. We’re all drifting, rudderless; lunging catastrophically from collapse to collapse. Nobody’s in charge, and the only real rule of the world is take care of you and yours, because that’s about all the control in your life that you’ll ever get, and most of the time you don’t even get that.

    There still are people in the world that DO want to help others, the problem is that there are so many people only presenting themselves as such, that it’s hard to tell one from the other. It’s why authoritarians rise to power, they tell everyone that they have a rudder, and will steer us to calmer waters, when in reality they’re profiting off the storm.

    It’s also why strong social welfare programs is the only real answer, because when everyone is already in calm water, they don’t feel the need to sail into a storm in search of something calmer.