Uploaded June 2025 | Updated September 2026, 2 days ago
In this video, I tell the story of how I started as an assistant trader at my first trading firm on Wall Street by clerking in the commodities pits for our grains OMM desk, and I was put in a situation where I had to choose between being loyal to the degenerate pit trader I was shadowing or my bully portfolio manager who ran the entire desk.
I close by explaining the hidden lessons within this story about how humans respond to incentives, so a manager needs to be clever in what incentives are given to underlings.
—
Intro: 0:00
Story time: 0:41
Carrots and Sticks: 6:36
Moral of the story: 8:18
—
IG:
instagram.com/litnomadig
Patreon:
patreon.com/LitNomad
Calendly:
calendly.com/lit-nomad
In this video, I tell the story of how I started as an assistant trader at my first trading firm on Wall Street by clerking in the commodities pits for our grains OMM desk, and I was put in a situation where I had to choose between being loyal to the degenerate pit trader I was shadowing or my bully portfolio manager who ran the entire desk.
I close by explaining the hidden lessons within this story about how humans respond to incentives, so a manager needs to be clever in what incentives are given to underlings.
—
Intro: 0:00
Story time: 0:41
Carrots and Sticks: 6:36
Moral of the story: 8:18
—
IG:
instagram.com/litnomadig
Patreon:
patreon.com/LitNomad
Calendly:
calendly.com/lit-nomad
