Is Chicago’s Don Wilson the smartest man in trading?

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Financial Times 6d ago

Is Chicago’s Don Wilson the smartest man in trading? - Financial Times

Quick Summary:

Wilson is investigating ways to potentially trade the asset — processing power or compute — which he said could become the world’s biggest commodity.“I had this thesis that total dollars spent on compute will exceed total dollars per year spent on crude oil in the next 10 years,” he said.“Does that mean that compute becomes the largest commodity in the world?

A few weeks after Letco allocated him his capital to trade, Wilson took a big bet that eurodollar futures would fall — only for a unexpected stock crash to send the prices soaring and landing Wilson with a loss of about $30,000.“I was sick to my stomach, it was just so scary,” he said.“There are a lot of people who start off and have a good run and then their heads get really big . . . That event certainly made sure that it didn’t happen [to me].

But Wilson has used the flexibility of his private ownership to take risky bets on assets that other large trading firms have avoided, including property and cryptocurrency.