3.12 Somethings happening in frozen OJ

Published: Sept. 25, 2020, 10:11 a.m.

The purest form of risk management in finance is to be a Local in a trading pit.  With limited financial backing, they make prices on derivatives to enable much larger client fill their orders.  A bad day in the office often resulting in an individual losing everything.  Somewhat focuses the mind on managing a position and all done with shouting, bizarre hand signals and filling in cards.  At the end of Season three, I wanted to remind those budding risk managers than on occasion you need to stop hitting the F9 button and go back to basics.  To those who bet everything to be in the game.

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