Can a trader be fully taught or must he have certain skills that are prerequisites for success? This is a very common question and it was based on that question that Richard Dennis and his partner William Eckhardt (we will talk about him in an upcoming post) created in the 1980s the Turtle Traders project, name that came after visiting Singapore and passing a breeding site. of rare turtles...
Read MorePicture an oak-paneled English drawing room. Two obviously wealthy gentlemen sit in their armchairs facing a roaring fire, puffing on their pipes and discussing their philosophy of trading. It is my proposition, Colin, that anyone can be taught to be a superior trader. There is nothing magical about it. There is no rare talent involved. It is simply a matter of being taught the appropriate rules and following those rules...
Read MoreNineteen eighty-six was a huge year for Richard Dennis. He made $80 million (about $147 million in 2007 dollars). That kind of money making put him squarely at the center of Wall Street alongside George Soros, who was making $100 million, and then junk bond king Michael Milken of Drexel Burnham Lambert, who was pulling in $80 million...
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