Here we are at episode 60, and my guest is Peter Tuchman, aka the ‘Most Photographed Man on Wall Street’.
Peter is a broker on the floor of the New York Stock Exchange, and he’s worked there for the past 30 years. So as you could imagine, he’s seen massive shifts in the landscape of trading (especially on the floor), and has been in the thick of it for many significant market events.
During our interview, Peter shares some of his most memorable moments – reflecting on the crash of ’87, and what it was like to be there trading the Alibaba IPO. He also explains the role of a broker on the floor of the exchange today, and almost like a lesson in history; how this has changed over time. And of course, much much more.
I had a lot of fun doing this interview, Peter has an undeniable passion and excitement for markets, which you’ll pick up on straight away – so I hope you enjoy this interview.
Lessons learnt in this interview:
- The backstory of how Peter arrived on the floor of the New York Stock Exchange and got to where he is today; 30 years on.
- How the landscape of the exchange floor has evolved (dramatically), and the ways in which Peter had to reinvent himself several times over to survive.
- Peter explains his role as a broker on the floor today, how this differs from the online brokers use, and how much of a decision he has to trade for his clients.
- The type of events that lead to Peter’s biggest days on the floor, and why the closing price of major US indices is significant.
- Peter shares his most memorable trading moments over the past three decades, from successful IPOs to all-time scariest moments filled with panic.
Links and resources mentioned:
- Wall Street’s Most Photographed Trader Defends NYSE Photos – The article Peter wrote for MarketWatch, which he referenced during the interview.
- Wirtschaft TV – The German TV show Peter does a daily market recap for, follow the link to watch on YouTube.
- @NYSEinstein – For more pics, you can follow Peter on Instagram here.
- @PTuchmanNYSE – You can also follow him on Twitter too.
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