ROGUE TRADER
Released : 1999
Based on the book :Rogue Trader: 'How I Brought Down Barings Bank & Shook The Financial World'
Plot : Nick Leeson, the protagonist (or villain - depends the way you see it!!) has been portrayed as an ordinary clerk working for Barings Bank. His ambitions are not ordinary though. He wants to become the manager for stock market trading operations. Here is how the story unfolds-
The bank gives him an opportunity to sort out some issues at Jakarta. He seizes the opportunity with both hands. He meets Lisa whom he later marries. (Some obscene explicit scenes follow which were not at all required - They halt the story rather than taking it forward.)
Impressed by his success in Jakarta, the bank asks him to take charge of the trading operations in Singapore. However, he is not allowed to hire skilled staff as a cost cutting measure (Penny wise Millions of Pounds foolish... as it turned out). The bigger blunder was not to seperate the trading and backoffice department.
Nonetheless, the first year of operations were extremely profitable although he kept breaking the rules and covering losses. His performance though was so good prima facie that no one even raised a finger at him. He kept getting more and more money - but kept making bigger and bigger blunders - In his words, he was sitting on an volcano which was waiting to erupt.
Ultimately, his reckless trading operations resulted in bankruptcy of the bank - sold at a princely sum of 1 pound !!
Takeaways - The movie shows the greed factor in a very diligent yet explicit manner playing out in the stock market. Hazards of averaging a loss, arguing with the market, being greedy and hopeful etc in the markets have been portrayed remarkably -
The bank gives him an opportunity to sort out some issues at Jakarta. He seizes the opportunity with both hands. He meets Lisa whom he later marries. (Some obscene explicit scenes follow which were not at all required - They halt the story rather than taking it forward.)
Impressed by his success in Jakarta, the bank asks him to take charge of the trading operations in Singapore. However, he is not allowed to hire skilled staff as a cost cutting measure (Penny wise Millions of Pounds foolish... as it turned out). The bigger blunder was not to seperate the trading and backoffice department.
Nonetheless, the first year of operations were extremely profitable although he kept breaking the rules and covering losses. His performance though was so good prima facie that no one even raised a finger at him. He kept getting more and more money - but kept making bigger and bigger blunders - In his words, he was sitting on an volcano which was waiting to erupt.
Ultimately, his reckless trading operations resulted in bankruptcy of the bank - sold at a princely sum of 1 pound !!
Takeaways - The movie shows the greed factor in a very diligent yet explicit manner playing out in the stock market. Hazards of averaging a loss, arguing with the market, being greedy and hopeful etc in the markets have been portrayed remarkably -
A must watch for every stock market aspirant and veteran alike !!
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