Detail The Future of Capitalism; CME Group   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8835 (May 2013), page 69-70. Topik: Stock Exchanges; Market Strategy; Corporate Histories Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In the competition for most inauspicious introduction to finance, Terrence Duffy, the executive chairman of CME Group, must surely be the winner. Soon after convincing his mother in 1981 to borrow $50,000 so he could buy a seat to trade futures on what was then known as the Chicago Mercantile Exchange, he lost $150,000 because of a misheard order. The anecdote holds a number of lessons: how quickly money can evaporate in the futures market; how trivial the cause can be; and how important it is to honour an agreement (at least in this area of finance). But the most important lesson became apparent only belatedly: a disastrous trade can be offset by a big bet gone right. In Mr Duffy's case that was joining an institution which has become one of the finance industry's brightest stars. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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