Wall Street broker to Bulgarian monk

03 October 2008 In Business and Economy

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Wall Street broker to Bulgarian monk A former Wall Street broker left his job to join a Bulgarian monastery and train as a monk.

Hristo Mishkov, who was previously a broker on the Nasdaq stock exchange, now herds buffalo in a monastery just outside of Sofia in his native Bulgaria.

After initially forging a financial career under communism, he moved to New York in the 1990s before finally quitting the New York financial world for the12th-century monastery five years ago.

Mr Mishkov told Reuters the collapse of banks and investment firms currently seen worldwide was a "necessary correction" due to the fact they had "grown greedy".

"It is right to see people who consume more than they deserve shattered by a financial crisis from time to time, to suffer so that they can become more reasonable," he added.

The Daily Telegraph recently reported that a one million pound banknote was expected to fetch only £40,000 when sold at auction.

It is one of only two in existence which were presented as mementoes to the respective American and British Treasury Secretaries.





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