Sunday, May 27, 2012

Brand New Details On The Chess Playing Trader Who Bagged JPMorgan's London Whale


In case you’ve been hiding under a rock or they've cut off the current to your double-wide, JP Morgan recently announced that it had lost around $2 billion on some bad credit trades.  Reports surfaced that one of the players on the other side of those trades was legendary credit trader Boaz Weinstein.

The New York Times Azam Ahmed offers a lot of details on Weinstein's personal life and professional career. Some of which we knew; some we didn't.

He grew up in Manhattan's Upper West Side.

He earned the title of chess master when he was 16.  At a recent auction, he paid $10,500 to play chess with legend Garry Kasparov.  He plays online games with Silicon Valley venture capitalist Peter Thiel.

He won a stock-picking competition as a student in New York's prestigious Stuyvesant High School.
When he was 18, he failed to land a job at Goldman Sachs.  But then he was able to get more interviews after playing chess with a senior partner, whom he ran into at a bathroom…


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