Sunday, May 27, 2012

Boaz What?

Boaz who? Who could forget Boaz Weinstein after reading about him today in the New York Times? Smart, decisive and very profit driven, Boaz apparently outwitted "The London Whale", JP Morgan's Bruno Iksil, the trader behind the massive 3 billion dollar loss. Boaz, apparently, a London Whale himself outwitted JP Morgan's Iksil and came out a big winner in the latest trade scandal on Wall Street. Where there is a loser, there is always a winner.

It's a name that will stick with me a long time for two reasons. One it's a name I can say I never heard of and two the man is a genius in the pocket world of traders. I can pinpoint the exact time I found the world of traders fascinating, my second year college when I took to reading, or skimming the New York Times in my tony campus library. I read in awe as the doors as the feds were closing in on Ivan Boesky, another odd name for me at the time because frankly, I grew up with James, Timothy, Paul, Peter, et al. Ivan Boesky was a new one in my start of life off the reservation. I ate it up. I followed the story for years, even buying a paperback on Ivan Boesky and his ultimate fall as he was busted for insider trading taking Wall Street's upcoming new star Michael Milken with him.

I am fascinated by sheer brilliance and Boaz strikes me as one of those and he is particularly alluring because of his risk-taking skills. Plus he plays chess with the big boys and poker with celebs. Could you get anymore eccentric? A day with him would be like a tour of the Louvre private collection for an art student.

Winner, winner, chicken dinner!