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He's highly successful, great at what he does, spreading a message which supports both moral compass and ego. And perhaps most importantly, slightly pissed!
After speaking with a bunch of classmates within my business school at uni, a considerable portion of those who say they want to get into "investment banking" don't know what the function is and simply assume it's some prestigious, exceptionally well paying job. Hardly any of them have ever placed a trade, know what a hedge fund is, or can even tell you what a sell side/ buy side function is and the differences. This video needs to be watched by every student paying way to much money towards a business degree.
Brickstun Ram Wow, as someone not in this industry (not yet), I’m surprised at the level of ignorance of your classmates, due to the fact that they are in school for business.
He looks like the guy from limitless...but when he doesn't have the pill. But seriously though, having retired at 27 he must of been putting in the hours.
The amount of hours dont really matter, military a good week is 60 hours for us but were for the most part extremely fit and healthy. Just need to have healthy habits that dont take up any or much time.
He was working in investment banking back in the day of million pound bonuses and probably grafted 90-100 hours per week. Unfortunately bonuses like that don't exist anymore
just on a view from an entirely different profession, this guy is for real. He's actually more than likley what the his industry needs. And I might add it's a very important industry
I wanted to learn more about trading so I clicked on a random video (with him). Then I found myself watching his BBC documentary. Now I'm hooked watching all his material. He's really good! If trading is for you you can see him as a mentor. I want to pick his brain.
Many people lose thousands of dollars without having heard Anton, if they had the opportunity to listen to Anton before, perhaps now would be millionaires. I am one of them and I'm not ashamed to say it. Even without having made any Anton program, I could understand it to be able to say that he is absolutely right. After losing 100,000 in the market, and become bankrupt, I can now understand each letter of his mouth. Thanks anyway Anton. Continue with your good work.
Also if you reach your 40s and you're not in senior management whether it be in investment banking front office, middle or back either as a trader, IT or analysis, operations you tend to get pushed out. Even the IT staff get thrown out and can work for 45% of what they were earning out in the home counties somewhere (if they're lucky).
He looks like the guy on cover of Liars Poker, with his hairstyle and ofcourse the expensive suit ready to give you a handshake and pull you in the world of finance.
I don't understand why he would "destroy" investment banks. He simply describes the inner workings and latest development of an industry sector, like it or not. As always, the title is very misleading.
Just in case some people are still wondering why students are clamouring to the IBs, its not the security IB side, but rather the M&A IB side......thats why interest in IBs holds till today!! The trading and sales side is already archaic and outdated....don't fall into that money trap.
I'm definitely going to apply to a hedge fund, once I transfer colleges in a few years. One thing I know, is that you have to understand the culture and history of the fund. I've learned a lot about Bridgewater and Ray Dalio, so I'm going to keep working and learning about that fund, Dalio, and other things related to finance, economics, investing, and hedge funds in general.
I can imagine the university staff present in the room, asking themselves "why... why have I not though of that before" Jokes aside, thank you for putting this online. It was a good presentation and it makes total sense. I'd like to ask the guys at the Institute of Trading, if I may, what has their "track record" been in terms of successful traders produced? Taking the "Million Dollar Traders" series, it seems the success rate is 3/8 (small sample though, I know). I'm interested. Thanks!
+Eduardo Gavotti Traders who know how to manage risk, have a good strategy, etc, are unlikely to lose. The 80-95% of traders who lose are usually the ones with no plan, no strategy, they try to get rich too quickly so they risk too much, etc.
+Eduardo Gavotti at any one time 60-65% of our traders accounts are up since inception. 20-25% are flat and 15-20% are down, but only ever down small. This is because we implement interventions on losing traders and guide them on where they are going wrong. Across the community downside is protected and upside is opened up. But you have to also remember there is an inherent flaw in your questioning. Imagine a scenario where you take your kid to schools and interview the teachers and schools and ask for example "How many A grade students did you produce last year?" lets say the answer is 60%. Thats obviously a pretty good school. However this does not mean that you as a pupil have a 60% chance of becoming an A grade student just for turning up. If you are just dumb you wont be in the 60%. But lets assume you are not dumb. If you dont do the work and apply yourself you wont be in the 60%. It works both ways. The success rates are also contingent on the types of students the school takes in. Waifs and Strays are not accepted at the Institute. We want smart people and attract smart people. Our success feeds off itself.
I understand, and I thank you for taking the time to respond, but this is an old question. Fair enough, I hope it serves the purpose for anyone who might have the same question I had before I actually took the course ;) Anyway, perhaps I did not expressed myself well enough. What I wanted to know (back then) was simple statistics based on the 3/8 rate from the TV series, and not to question the institute's effectiveness. All the best,
Just to think I wanted to switch from software engineering at JP to a trader. We always thought they were making the big money but turns out we’re making more then them actually double their salary with a better work life balance.
Funny how all of those students wanted to apply to investment banks rather than hedge funds. Even before I watched it, I knew that hedge funds gave internships and that these hedge fund jobs seemed way better through my own research online.
Interesting composition of time spent market making vs prop trading. How do the figures you presented differ from the years when you were at the banks?
This guys came up with some great ideas to get shot of scum bags from the trading game, scum bags that could get the likes of CFD's to be closed down altogether within EU and the UK. This guy is a legend, showing you the inner workings and structure.. He's also got a mentoring company running for anyone interested in retail trading. Lots of the guys worked for Goldman, so they're teaching retail traders how the pro's do it compared with just the normal trader that follow 100/200MA, trends etc. I've been following Anton for about month now, he's clearly not spotted me yet or i'd be arrested.. lol All jokes aside, just the little pieces he's put on the plate has helped me put together a better strategy. Out of the last 5 trades 4 came home ; }
In the introduction, he indicated he would tell the class what they need to be doing right now if they want their resume's to stand out. Why was that edited out? What did he say in that regard?
Investor A = 20,000 shares of his own money Investor B = 20,000 shares of borrowed money. Yes while they both have the same amount of shares , Investor B is using 10million dollars he doesn't have . Whatever investment bank is fronting the money, is getting extra money back because of the "loan" they are giving investor B
reinplat Oh his parties are great. And so what if he isn’t ? He’s worked so hard to get to where he is and all this wealth and success he’s got is due to that. Just jealous that he’s there and ur not ?
That's the same dude who was on the show "Million Dollar Traders". He was a rat-faced snitch on the show. He'd go and talk bad to his boss about the traders he was put in charge to train..
+Reggae Fan You're misguided. The point of the show was to train the traders and report their progress back to Lex, which is the same process for any company, department you're working in. In addition, Lex has a right to know because it's his money they're trading with. Do you work...in a real company, in the real world before?
Dear Anton Kreil. I quite liked your presentation. You mentioned enlightening points about investment banks and hedge funds. But in my opinion, it would be very important for everybody, if this presentation had shown concrete evidences to prove that individual retail can earn 20% yield per year consistently. At the end, this is the central point of your lecture and the central interest of your audience. Without this proof the presentation no longer makes sense. I would be grateful if you can provide some evidences. Thx in advance.
Deco L It could be 20% return on principal, and not necessarily 20% return on underlying assets via margin. ie 20% ROI w/ 30% margin req. = 6% asset return. Could be wrong.
Com Truise Is that the only thing you came away with from this wonderful presentation? Jealousy is an ugly thing, even in the financial field. If you can't add to the substance of the venue, why open your mouth at all to launch a personal attack?
The guy might be right in 99% of what he is saying, he is really serious , but he failed in the assumption than with 150k Pounds a year you cannot live in Central London. That is an insult to many humans on this planet. I do live in London and manage to survive with 20k (its shit life ok) but with 50k you can do it. To claim more than 150k just for "CREATING MARKET" . Come on guys, you are playing with money of others putting the money on companies whose jobs or procedures you have never seen, you have never taken a toolbox in your life and you think by wisely allocating money you can "CREATE" that much? It is just an insult, and the city of London another joke (to not to talk about tax Havens now)... Millions of hard workers are supporting you play tetris with the algorithms and their fruit of millions of hours worked...
Or you can just keep your money or warn your friends to stay away from this particular area so you don't feel insulted. As an intern working at Sales and Trading, earning 50k pre-tax is not a lot really. I understand there are millions of ppl busting their ass just to make 45~50k or so, but it's just not that huge sums of money when it comes to banking. Also I'm not quite sure what you mean by millions of hard workers because investing banking has nothing to do with everyday life people's money....
what he meant I think is that bank of moving money just earns money by doing "nothing", while hard workers who create products do something real and earn not a lot comparing to banks who just move money, especially when without risk. But its your choice - to be a worker who creates product or go to to work at bank.
sounds pained, forgetting that he used earned money to get in the door and of course the above doesn't show Rafael knows a lot about how money is set up and how it works for you to enjoy the things you enjoy today..Imagine we are all savers!!!
Yeh i largely agree ive lived in london had to share my accom with 156 to 550 other humans all coming from poorer nations and who stole my food or property whilst i went out to work I have lived in posh areas of london and rough areas Whatever i made came in went out again immed Which is antons point As you go up the scale even to senior chairmen ceo management levels 250k by times theyve taken on a hefty mortgage in central london paid for their kids private education lifestyle of hob nobbing it with the persons that they need to.250k pa can have a rather large dent in it its exactly same cycle as what occurs at a far lower level The problem is that traders arent contributors they are speculators Investors are contributors.but trading is all about making profits be they good or bad In nature!! Dont expect a social conscience to ever come out the markets
I think he means a wage of 150k. So after tax your looking at 90k? Then your living close to office in canary wharf and the life style to boot including expensive suits, watches, shoes to be presentable for this line of work. In this context I assume it would be difficult.
For some, yes. Although most of those who wish to work at investment banks want to work in M&A. M&A is quite different. Your time as an analyst in M&A is spent creating valuation models, creating and editing powerpoint presentations, and doing other forms of grunt work for the VPs and Associates.
Daniel Shen nope. AI can trade patterns but cant trade crazy. meaning you cant code the unknown and the unexpected. no computer will ever trade a crash...they will exasperate it
