Interviews

Manny ran a global $1 billion global macro hedge fund and now invests his own capital privately. He once found himself down $5 million down in one day.

“.. he had to drive down from up north to London with about a million pounds’ worth of gold in his cart to prove that he wasn’t going bust..”

“.. you never saw a blue stock in the credit crunch – forget that. Everything, whatever it was, was red.”

“Most people don’t, they really don’t, they can’t stand it emotionally. I can’t stand it emotionally.”

“.. you can’t do anything, you’re sat there, you read it, you know you’re going to take a huge loss as soon as the market opens and there’s nothing you can do about it..”

Pete turned £12,000 into £140,000, lost 90% of it, and then racked up £50,000 in debt. And then made the same mistake again.