SEPTEMBER 2, 2020|FINANCIAL SERVICES
Fat Finger Trading and How to Use Stupidity To Get A Promotion
Apparently there is a term called “fat finger trading” that is used to refer to a financial trade made by a trader pressing the wrong button on a screen. A trader recently accidentally sold 5 million shares of a company chairman’s shares, and then bought them back two hours later. Apparently the transaction generated $44,000 in profits, which the chairman returned to the company.
Wow. So a trader makes a fat finger trade, screws up, accidentally makes the boss $44,000 and probably gets a promotion? This is what we call failing upwards.
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How It All Started
A Short Backstory Of This Blog
This is a blog about non-obvious ideas. Originally launched on the Typepad platform in 2005 as the Influential Marketing blog, the stories at first focused mainly on digital marketing while Rohit worked at Ogilvy Advertising. In 2015 Rohit officially rebranded to the Non-Obvious Insights Blog and published his WSJ bestseller Non-Obvious. For the past twenty one years, this blog has coined new terms, introduced future marketing practices and inspired the next generation of non-obvious thinkers and marketers.
