
So Now We’re Blaming JPMorgan’s $2.3 Billion Trading Loss on Biology
John Coates ran a derivatives desk at Deutsche Bank until he got more interested in traders than trading. During the tech bubbled he’d noticed traders seemed biologically transformed by the go-go market. In 2005, he took saliva swabs from 250 bankers, and discovered that traders made more money on mornings when their levels were high, Read More