How One Goldman Sachs Trader Made More Than $100M

Re:How One Goldman Sachs Trader Made More Than $100M by dogma1138 on Wednesday October 19, 2016 @05:57PM (#12748055)

GS has about 90 bln in total equity and nearly a trillion dollars in total assets.

100m sounds high but 100m is a rounding error especially if spread across 100s or even 1000s of trades.

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Re:How One Goldman Sachs Trader Made More Than $100M by JumpCrisscross on Wednesday October 19, 2016 @06:11PM (#12748160)

Note that they made $100 million. I did not see a value at risk, gross notional or netted, presented.

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Re:How One Goldman Sachs Trader Made More Than $100M by zaroth on Wednesday October 19, 2016 @06:29PM (#12748264)

TFA says billions bought and sold before fading out to ads.

I guess making 5% returns isn't such a big deal when you are playing with billions of other people's money.

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Re:How One Goldman Sachs Trader Made More Than $100M by akhatri_aus on Thursday October 20, 2016 @01:39AM (#12749949)

If they had 100s of such trades, the management wouldn't look at it as rounding error. That's reductio ad absurdum that is.

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