Better Know A (Soon To Be, Knock On Wood) Trader: Mike Mooney
Sponsored by Chicago Board Options Exchange
When Better Know A Trader was conceived (on a kitchen table, a little over nine months ago), it seemed like a great idea, with little-to-no drawbacks. Feature a trader every Friday, get some money from the Chicago Board Options Exchange (love you CBOE!) and maybe, just maybe, entertain our readers with the insightful answers of insightful people answering insightful questions. But soon after this whole thing got underway, we realized something—finding a trader for every Friday, every week takes, like hard work and stuff. And it’s not that we’re lazy or incompetent or lack initiative but, well…[crickets chirping]…[clearing of throats]…[shuffling of papers]…you know.
This particular Friday was like all the other ones since this bitch of a baby was created, in that it rolled in like all the ones before it had and we found ourselves with out a candidate. Kind of sucked. But don’t “kind of sucked”-us yet just because we’re nothing—nothing!—if not lazy, incompetent, lacking initiative people who often find ourselves in the company of an enormous amount of well-timed luck. So, as ‘luck’ would have it, our General Manger remembered that our new neighbors, with whom we’re separated by only a small (but festive looking) deck are traders and, “Hey, look, they’re outside right now! Carney, throw that ball out the window and we’ll make Bess go ask for it in sort of humiliating ‘look I dropped my pencil, oh, I didn’t see you there’ kind of way and then we can parlay that into ‘you wouldn’t want answer some questions and pose for a picture’-type thing so that when we ask for CBOE to give us money, they won’t be in a position to say ‘The deal was money-for-interviews, not money-for-nothing’.”
Anyhow, Mike, who graduated from Sienna in ’04 and is currently working the trader-interview circuit is now standing at our window, desk adjacent, ready and willing, so without further ado, we bring you this week’s Better Know A Trader: Live Blogging Our Neighbor.
How did you get your first job in finance?
I’m currently interviewing for that job.
Describe your trading strategy.
Rather bearish.
If you were starting out in your career now, where would you want to work?
At a top investment bank.
What is your favorite career accomplishment/best trade ever?
To be determined.
Who are your heroes or role models, fictional or real?
Gordon Gekko and Bud Fox.
What is the most important quality a trader should have?
The ability to not get discouraged when losing money.
What is the worst character fault for a trader?
See above.
Tell us about the lowest of low points, the time you thought should just give it all up and take a simpler, easier job?
This moment in time.
What job would you have taken? What's your 'exit strategy'? How long until you retire or move on?
Pass.
What is your motto?
"Get rich or die trying."
Whose teachings are more useful in your business-Machiavelli, Sun Tzu, Jesus Christ or Marquis de Sade? (Feel free to nominate another choice.)
John Maynard Keynes








Comments
While a cutie! He can trade my portfolio any day!
Posted by: Nom_de_Plume | November 10, 2006 05:09 PM
That was a shockingly piss poor interview. I give it an F.
Posted by: They Call Me Tubbs | November 10, 2006 05:15 PM
Gekko? Keynes? Top Investment Bank? This guy's ripe for a mocking on LSO.
Posted by: Al Czervik | November 10, 2006 05:18 PM
Be nice the the young ones, kids. You were young once yourself. Also, he had about 1 second to answer each of these questions. Much less prep time that the typical BKAT interview. So cut him some slackage.
Posted by: John Carney | November 10, 2006 05:20 PM
Gordon Gekko, Bud Fox, Mike Mooney -- all have killer instincts. Take Mooney for instance, he could talk a cat off a fish.. convinced me to trade my ass virginity for a few jack and cokes - true story. Would i do it again? Probably not, but hey just like the market Mike Mooney has his ups and downs!
Posted by: Chin Xong | November 10, 2006 08:56 PM
I bet Al Czervik is just upset because he still works as an analyst, has a tiny 'unit' and an imaginary girlfriend who suffers from 'man-face' and/or beer-gut. Hey Al, i think you're ripe for some non-tapered pants and a slap in the face. Take those negative comments and shout them up your ass, crier.
Posted by: Better than Al Czervik (euro trash fat head) | November 10, 2006 09:02 PM
this was the funniest thing that's ever been/will be on this site
Posted by: Anonymous | November 10, 2006 09:52 PM
JM Keynes = Academic madman who the idiots in Cambridge let loose into the world capital markets, instead of keeping under lock and key in the Tower of London, where he belongs.
Now Ludwig von Mises on the other hand...
Posted by: Economist Capitalist | November 11, 2006 06:51 PM
For what its worth, as a current Cambridge student (1st year, Economics), Keynes managed the King's College endowment (as a part-time job) with such success that on his retirement it was the richest college in Cambridge besides Trinity, which has always had by far the largest of any of the thirty-one colleges which make up the University.
He may have been flawed as an economist, but he was a pretty good trader.
Posted by: charles | November 12, 2006 04:00 PM
that should be "speaking" as a current Cambridge student. In a hurry, and all.
Posted by: charles | November 12, 2006 04:08 PM
he wants to end up like GG and bud fox - in jail ?? ahhh.... I would like to hear how this kid is doing in a year when he's at the bottom of the totem pole fetching coffee and bagels for the real traders. it's nice to see that there are still some naive little kids still out there watching Wall Street and dreaming of working in finance. He could start off in back office maybe.
Posted by: j | November 12, 2006 07:21 PM
He's definitely a cutie! The interview, although short and half-assed, is definitely entertaining!
Posted by: Futureibanker | November 12, 2006 10:42 PM