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Wall Street trader becomes a monk

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Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 08:26 AM
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Wall Street trader becomes a monk
Source: Telegraph





Hristo Mishkov had a successful career as a broker on the Nasdaq stock exchange in New York until he decided to give it all up to return to his native Bulgaria.

His radical change of circumstances may start to look appealing to the tens of thousands of finance sector employees who face the bleak prospect of losing their jobs.

Exchanging tailored suits and expensive shoes for a cassock and sandals, Brother Nikanor, as he is now known, believes Wall Street and the City deserve all they get as the credit crunch bites deeper and the global financial system goes into meltdown.

"It is right to see people who consume more than they deserve shattered by a financial crisis from time to time, to suffer so that they can become more reasonable," he said.

He has scant sympathy for bankers and brokers around the world who are at risk of redundancy.

The collapse of banks and investment firms was a necessary correction because they had grown greedy, he said. "Many people ... in the world do not realise that they have not earned the food they eat, that they take without giving," said Mr Mishkov, 32, who worked for Karoll, one of Bulgaria's leading brokerages.

"But if someone consumes more than they have earned, it means someone else is starving." ...>








Read more: http://www.telegraph.co.uk:80/global/main.jhtml?view=DETAILS&grid=&xml=/global/2008/10/03/noindex/monk.xml&source=EMC-exp_03102008



From junk to monk.
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Dover Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 09:11 AM
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1. Broker turned monk offers home truths on crisis (Reuters)
This story has more info, pictures/slideshow

http://news.yahoo.com/story/nm/us_financial_monk
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