Читать книгу Taming the Lion - Richard Farleigh - Страница 18

As I look back on that era, it’s clear that a lot of the ways that our trading room made money have simply disappeared. The markets have become relentlessly more sophisticated as the changes that started in the early 80s have continued. Nowadays, everyone is extremely well qualified, there are computer programs everywhere and there are instant communications. The market has evolved, like bacteria against antibiotics, to beat out opportunities. This has happened as people have spotted opportunities and exploited them till they no longer exist.

So over the years, as my career progressed, I have looked for high quality opportunities which are somehow resilient. I will present these in later chapters and explain why I believe they have persisted while others have been eliminated.