In this week’s Trader Digest we learn about the poker aces dominating the ETF market, hear more from deported former trader Kweku Adoboli, and tune in to the story of another rogue trader who turned his life around....
The Poker Aces Playing a Key Hand in the $5 Trillion ETF Market
"Harnessing poker prowess and game theory, Susquehanna International has become a key ETF player." Bloomberg
Deported rogue trader: 'The Home Office destroys lives'
“Kweku Adoboli has received a warm welcome in Ghana but badly misses his old life in UK" The Guardian
Introducing: The TraderLife Shop!
"Last winter we brought you our top recommendations for trader Christmas gifts. This year, we’ve gone one better - we’ve made our own..."
Soros' "Open Society" Driven Out Of Turkey Amid Probe Into Terrorism Ties
"Six month after Hungarian President Viktor Orban succeeded in driving his former mentor, and current neemsis George Soros out of Hungary, the Hungarian-born billionaire financier and his "Open Society" Foundation that has financed an army of liberal NGOs across Europe and the US has been driven out of yet another country." Zero Hedge
Bitcoin Likely to Close Below Key Price Support in First Since 2015
"Bitcoin looks set to end the month below a key long-term support level for the first time in three years." CoinDesk
Climate change is a concern among big issues-oriented investors — but it’s not their top concern
"These big investors’ top concern is avoiding ‘conflict risk,’ and tobacco is another hot topic" Marketwatch
For the Headphones
How The Original Rogue Trader Rebuilt His Life
"If there’s one person associated with the term "Rogue Trader" it’s Nick Leeson, who singlehandedly brought down Barrings Bank in the early 90s, following a series of efforts to cover up bad trades. After the collapse of the bank, he spent time in a Singapore prison. On this week’s podcast, we talk to Nick about the experience, what he learned, and how he managed to rebuild his life." Bloomberg Odd Lots
What to Watch
Warren Buffett - The World's Greatest Money Maker
"Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world. Yet Buffett lives modestly in his native Omaha, in America's mid-West, and runs his 150 billion dollar business with a staff of just twenty."