Poor Kid Makes Millions Trading, Fights Inequality with Gary Stevenson
Gary Stevenson grew up in tough, working class East London. Despite setbacks in high school, his gift for mathematics landed him a spot at London School of Economics (alma mater of Mick Jagger, Margaret Thatcher, and George Soros) where he attended with the sons and daughters of the global elite. His skill at a card game won him a job on Citibank’s trading desk where he went on to earn multi-million dollar—er, pound sterling—bonuses. Gary went on to become Citi’s top trader but eventually found the game started to take a physical toll on him. The stress, pressure, and moral conflict of betting against poor people—at least that’s how he saw it—led him to leave trading and begin to address growing income inequality around the globe. In this fast-paced and insight rich conversation, Paul and Gary discuss:
Gary's new memoir, The Trading Game: A Confession.
The risks of trading currency
How he felt when he got his first bonus of $750,000
The way other’s implicit bias against working class people worked to his advantage
Why he knew it was time to quit the industry
The positive role of short-sellers in a market
His YouTube challenge, Gary’s Economics
Whether we should tax billionaire more and how exactly we should do it
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Poor Kid Makes Millions Trading, Fights Inequality with Gary Stevenson