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About to write down a true story, which is something extremely similar to what is happening this weekend on #FinTwit.
So grab your popcorn, and read till the end, won’t disappoint you, I promise.
A thread 🧵
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So grab your popcorn, and read till the end, won’t disappoint you, I promise.
A thread 🧵
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My father has been a stock broker since late 1980’s. He and a very close friend of his, both brokers at the peak of the Harshad Mehta madness, saw people 10x their money in months, only to see it vanish in thin air later, but both of them themselves NEVER speculated.
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His friend, a sub broker with a not so good running brokerage biz, and struggling to make ends meet, was thinking of ways as to how to exploit clients because they were doubling their money “on paper” every 3 months and he was still that poor guy, because he was honest.
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