Chat With Traders

Jonathan Shapiro's a senior reporter at the Australian Financial Review. While he writes about a range of subjects from banking to hedge funds to private equity, he's renown for stories that uncover dishonesty and the crafty schemes of listed companies—for which, he's won several awards.

Our conversation begins with Jonathan telling the story of Blue Sky Alternative, a fund manager that came unstuck following the release of a short sellers research report. From there, we roll into a very detailed discussion about about Jonathan's investigative work on Big Un.

Without saying too much, Big was a video marketing company listed on the Australian stock market and a top performer in 2017. But as you'll soon hear, Jonathan discovered much of it was smoke in mirrors...


’d like you to meet part-time Bollywood DJ, full-time equities trader: Nishant Porbanderwalla.

For the past 12-years and ever since leaving college, Nish has been a proprietary trader at Kershner Trading Group—KTG is a trading firm in Austin (Texas) founded by Andy Kershner, who appeared back on episode 128.

Nish was very open in talking about the ups and downs he’s endured throughout his career, including actual PnL and the psychological states. He also tells an incredible story from trading the Flash Crash of August 2015—although it was only a very short moment in time, it’s a perfect example of what happens when experience meets opportunity.

Additionally, Nish gives insight to his trading strategies (past and present), and you’ll pick up a few of his general trading thoughts for how to perform at a high level.


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