Most people in the industry are unable to affect the outcome of movements in the markets, particularly on the macro scale (And regulation / legislation prevents them on the micro scale). And most make their money on volume, flow and spread, even arbitrage, rather than speculation.
But hedge funds of sufficient size do make the markets work for them, and will only often take positions where they are going to win on both upside and downside.
Mogg is in a position where he may very well have a material influence on outcomes, and certainly in a position with access to privileged information. And he doesn't appear fettered by integrity or good faith.
I have to sit through hours of fucking anti-bribery and explanations of PEPs and this motherfucker openly and proudly broadcasts how he falls foul of it and gets away with it.
Most people in the industry are unable to affect the outcome of movements in the markets, particularly on the macro scale (And regulation / legislation prevents them on the micro scale). And most make their money on volume, flow and spread, even arbitrage, rather than speculation.
But hedge funds of sufficient size do make the markets work for them, and will only often take positions where they are going to win on both upside and downside.
Mogg is in a position where he may very well have a material influence on outcomes, and certainly in a position with access to privileged information. And he doesn't appear fettered by integrity or good faith.