tips

Expert: If There Is One Thing Your Business Does, And You’re Incompetent At It, That Might Be Bad

Traders at Knight Capital are already making calls for jobs elsewhere as the stock hits multi-decade lows, Gasparino reported. Knight employed a 1,418 people as of the end of the second quarter. “It’s a war zone here; bullets are flying. I’m just trying to survive,” a senior Knight executive told FOX Business. “It’s going to be hard for Knight because this is their distinctive competence. This is what they do,” said Robert Steven Kaplan, a Harvard professor and former vice chairman at Goldman Sachs. “If they make a mistake like this that costs this much money, it casts out on their entire franchise and capability.” [FBN]

15 comments
(hidden for your protection)
Show all comments

15 Responses to “Expert: If There Is One Thing Your Business Does, And You’re Incompetent At It, That Might Be Bad”

  1. one says:

    Really, a war zone you say? Somehow I doubt that.

    1st Infantry Division
    Helmand Province, Afghanistan

  2. UBS MD says:

    I'm just doing what I do…. the way i've always done

  3. Lowly Assistant says:

    Charlie Gasparino looks so regal while reporting in kevlar.

    • Charlie's intern says:

      Its not a kevlar vest. Charlie's been hitting the shake weight quite a bit lately.

  4. Vinnie the Guinea says:

    Fuck. Them.

  5. Guest says:

    You think they'll forget about us now?

    JD

  6. guest says:

    Ahhh yes, Seppuku.

  7. Indulgence peddler says:

    But but but what happened to the promise of those riskless HFT trades everyone was blathering about forever! Sharpe 20 50% RoR, etc.

  8. The 1% says:

    Wow UBS really does suck

  9. An admirer of things says:

    Got to hand it to the Knight Capital guys – they might not have the sheer size of an LTCM, the panache of an Amaranth or the whodunnit of an MF Global, but managing to blow yourselves up in 30 minutes or less has its own kind of spectacular. Those guys are the Kohei Uchimura of financial blow-ups. I guess it is true what they say, computers are like coffee, they allow you to do stupid things faster

  10. lolwut says:

    I must commend your ability to dig up so many knights-in-distress photos.

  11. Guest says:

    Career councillor advice to Knight employees…….grab that 486 laptop and CRT display run out if the building fast with it! Go home and look up "gold recycling" on YouTube………..

  12. nelson muntz says:

    To TJ, for bashing nasdaq 2 months ago "HA HA" nelson muntz

  13. Jenefar says:

    Amazing post. This post content is really useful and informative to me. Many many congrats for sharing vital info. Good job.