A new breed of Wall Street recruit gets ahead not through connections or business experience, but through demonstrating a head for numbers, quick thinking and risk-taking – skills from the card table...
Chris Fargis thought his big job interview was over. But when the partners at Wall Street upstart Toro Trading finished with their questions, they broke out a deck of cards and a green-felt card table. Mind playing a few hands of poker?
It was a final test, and Fargis was relieved. The 30-year-old never went to business school or even took a finance class. But he knew poker. He had made a living playing the game online for six years from his Manhattan apartment, betting on up to eight hands at a time.
Within a few days, Fargis - with no Wall Street experience - was offered a position trading stock options, a job that entails making multimillion-dollar gambles. His poker skills sealed the deal...
Nathaniel Popper writes at the LA Times - h/t Abnormal Returns
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