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No vacation = $456 Million dollar loss? -Former Merrill Lynch trader banned in UK

Joy Pathak

Joy Pathak

Swaptionz
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Former Merrill Lynch trader banned in UK

Mr Stenfors’ attorney, Ian Ryan, said his client received no personal gain from his actions. “It was completely out of character. It was extraordinary market conditions, he hadn’t had a holiday in a year-and-a-half and he was working 18-hour days,” he said.
 
That's not surprising. If you run a machine for an extremely long time without proper maintenance, it's bound to break down. Is the human body any less of a machine, just operating under different inputs?

A year and a half of 18 hour days and you're bound to go slightly nuts.
 
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