Skip to main content

BlueCrest Capital Founder Turned On To Trading By Grandmother

  • Author:
  • Updated:

Forgot to mention this earlier, but it was thanks to his alpha grandma, a "serious equity trader," and under her tutelage, that Michael Platt became the big-ish deal he is today, i.e. a guy who afford to sponsor an artist specializing in crucified animals just to fuck with people:

Platt credits his late grandmother with getting him started as a trader. He was born and raised in Preston, Lancashire, in the northwest of England. His father taught civil engineering at the University of Manchester. His mother was a university administrator. For his birthday one year, Platt's grandmother helped him buy stock in trust savings banks that were selling shares to the public.

"My grandmother was a serious equity trader," Platt says. "When I was a kid, I used to go round to her house, and she'd be sitting there working out what she was going to buy and at what profit levels. She wasn't like most grandmothers."
At the age of 14, Platt wagered 500 pounds on a little- known British shipping line named Common Brothers, which soon tripled in price.
"I ended up fairly addicted," he says. "I invested 500 pounds and got back about 1,500 pounds, which was all the money in the world then."

Grandma The Investor [BW]


Meredith Whitney Thinks BlueCrest Could've Been Nicer About The Whole $46 Million Redemption Request, Suing Her Ass Business

Regardless, know this Michael Platt: Whatever doesn't kill a Meredith Whitney makes it stronger.

Meredith Whitney, Investor Who Sued Her To Get Money Back Her Are Friends Again

Whitney and Michael Platt have buried the hatchet, despite the "crude" way he "shocked" her with a redemption request.

By Jonund (Own work) [CC0], via Wikimedia Commons

Highland Capital Founder Whips Out His Thesaurus To Insult Investors

Jimmy Dondero's got a host of pet names for his clients.

Informant's Assistance On Insider Trading Case Slightly Undone By Telling "Series" Of Lies To Government

On the one hand, Roomey Khan's assistance as a cooperating witness was "extremely substantial." On the other, she seems to have told between 1 and 100 lies to government officials.