Rogue Trader1999
Nick Leeson:
[voiceover] My team were young, they were hungry, and they didn't have a clue.
[in a cafe with his newly hired team]
Nick Leeson:
A futures contract is an agreement to buy or sell a specified amount of a commodity at a specified price at a future date.
[no one responds]
Nick Leeson:
All right, um... it's like if I agree to sell you this cup of cappuccino, which I don't yet own, at 45 cents a month from now, if I can buy the cappuccino at say, 43 cents, I make a profit. If the price goes the other way, I have to pay more and I lose. It's timing, it's buying and selling at the right moment. Sometimes expresso might be the best deal, or salt or pepper.
George Seow:
So, we're running a supermarket, huh?
[they laugh]
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"Rogue Trader Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Dec. 2024. <https://www.quotes.net/mquote/1058735>.
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