Blogs

RiC drinks - the last day of spring

On the last day of spring 2007 I attended the great party, organized by RiC and held at the City offices of Ashurst. Ksenia and Julia deserve huge thanks for going through all the pains and brining all the people together, and the same applies to Ashurst, of course, for providing the place, as well as wining, feeding and entertaining us all for the whole evening.

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Another pint please!

If we want to be more environmentally friendly, we should consider reusing our glasses in pubs. When you order the same type of beer/wine/whatever, there is no need to use another container for your drink - simply handle over the empty one to the bartender and ask him/her to refill. This will save quite a lot of resources, wasted on dish washing, and your health won't be compromised.

Another Nick Leeson

A friend of mine told me an interesting story. A trader in bank X tried to make a profit, building a private portfolio with some new financial product and using bank's money. Apparently, he abused his position and connections within the firm in order to do so. The sad part of the story is, that he ended up playing against bank Y and loosing half of the cash. Obviously, he wasn't an exceptionally bright trader and also no proper pricing model was available for that particular product/portfolio.