This is/ was a book I could not put down until I reached the last page. I feel for Nick and it tells you everything as to how the people at the top of Barings went to endless extreme to protect their own asses. It was a every enlightening book and every educational in how business in trading works. It wa every enjoyable to read Nicks side of the story and a testament to his passion for the job and his staff.
Nick Leeson's account of the collapse of Barings is gripping reading. I couldn't put it down even though I knew most of the story, having read the newspaper coverage and Stephen Fay's book 'The Collapse of Barings'.
There is plenty, I learnt from this book, in the very specific order of below:
1. Ways of justifying a behaviour which is obviously very non justifiable 2. How different the managerial culture can be when operating in two very different geographical and sociological locations 3. The chaos, can be created when these three variables fits perfectly in together: V1. Being intelligent above average V2. Being overconfident due to the awareness of variable 1, V3. Being under pressure from outside to perform, because of universal awareness of V1 and V2 4. The fine line between trusting a colleague to do their job and actually checking if they are doing it, which is your job to do so. 5. Some interesting ideas of options and futures 6. How stock market used to operate in 90's.