Redwood Group International (RDWD)

[crudeoil24]

OT: for a Sunday morning...An interesting read for anyone that trades.


RIGGED
by Ben Mezrich

This is the true story of an Ivy League kid who changed the world of oil, from Wall Street to Dubai.
After conquering the hallowed halls of Harvard Business School, he enters the testosterone-laced warrens of the Merc Exchange, the asylumlike oil exchange located in lower Manhattan. A place where billions of dollars trade hands every week, the Merc is like a casino on crack, where former garbagemen become millionaires overnight and where fistfights breakout on the trading floor.

SIVC Shareholders, This is a great read.....Recently, crude oil closed above $102. a barrel. It will amaze you how many of these 20 - 25 year old traders from Brooklyn are making millions daily.
I certainly learned a lot about the NYMEX, and the crazed mob of Brooklyn-born Italians and Jews that are the traders.