Monday, August 22, 2011

Book review: Rogue Trader

Rogue Trader was written by Nick Leeson who is the main character in the book. It is sort of a exaggerated autobiography.

Nick Leeson was an employee at Barings Bank, London's oldest bank and he was a good employee indeed. So good that he went to Asia to head the banks trading division. However, when shit hits the fan, he used deceptive ways to cover his mistakes and keep digging his hole larger.

Finally it tells how he bankrupted Barings Bank single-handedly. It goes to show how a person's psychological aspect affect the actions taken and cause undesirable results.

I would recommend reading and making a self analysis of whether you would do the same once put in Nick's shoes.