Some day we'll read the last obituary of a Wall Street legend who got started physically delivering stock certificates.
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Replying to @ByrneHobart
Maybe we should bring back physical settlement as a jobs program and recruiting pipeline for energetic and conscientious people.
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Replying to @ByrneHobart
@byrneseyeview I read something maybe 10 yrs ago that someone had gone long in cattle and forgotten to liquidate the position. >
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Replying to @MorlockP
@byrneseyeview the contract expired and he got a phone call "where do you want these cattle?" He freaked and liquidated at 50 cents on $.
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@byrneseyeview I forget the details (WSJ article), but apparently that's what happens when you speculate and forget to tidy up in time.
5:47 AM - 29 Apr 2016
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