Saturday, October 9, 2010

Really funny jokes-Paul, the Octopus

Top US investment bank Goldman Sachs is said to be bidding US$4m for the oracle octopus Paul to head its proprietary trading.

Goldman will convert part of its trading floor into a fish tank for Paul and put boxes of different markets, stocks, indices, equities and bonds for Paul to choose from. Hopefully this will translate into a more profitable prop business for them.

Paul will also work closely with Head of Global Strategy and advise him on asset allocation strategy.

Also heard from a reliable source this morning that Merrill Lynch is bidding for Paul to replace their entire research team.

It will be interesting to see where Paul ends up.