Sold short: confessions of a young banker

“Industry” gives a graphic but true picture of life on the trading floor, says The Economist’s Wall Street correspondent

By Alice Fulwood

I had to watch each episode of “Industry”, a TV drama about young bankers, in 15-minute doses. This is no fault of the show, which is joyously binge-worthy and thoroughly deserves the second series it has just been granted. It’s because it reminded me so powerfully of my previous life – as a 20-something on the trading floor – that I kept having to press pause before psyching myself up to carry on watching.

Sure, some of the details are a little off (how did Harper get away with that $140K loss? Would a hedge-fund manager really bet on Treasury yields going to 4%?). Yet most of it is jarringly familiar to anyone who, like me, was lured into a career in finance as a young person.

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