Wednesday May 29, 2024

#63- Confessions Of An Ex-Investment Banker with Mads Palsvig

For a time Mads Palsvig was one of the most successful bond traders in the world. Working for the investment bank Morgan Stanley Mads excelled at turning money into more money, but after the 2008 Great Financial Crisis he became increasingly concerned that the banking system he represented might not actually be working in the best interests of the public. He began to ask some tough questions, like ‘why do the central banks always seem to make the wrong decisions?’.

This didn’t go down to well with the banking insiders he worked with, eventually resulting in Mads being fired from his role and becoming a pariah in the investment banking industry. Unrelenting, Mads continued going down the rabbit hole, becoming an outspoken critic of the ponzi banking system and the generational families who enact it.

 

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