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Richard J. Dennis, a commodities speculator once known as the "Prince of the Pit," [1] was born in Chicago, in January, 1949. In the early 1970s, he borrowed $1,600 and reportedly made $350 million. When a futures trading fund under his management incurred significant losses in the stock market crash of 1987 he retired from trading for several ...
Richard Dennis made over $200 million as a trader. [6] After having a debate with his partner, William Eckhardt, about whether trading is learnable or an inborn talent, they proposed an experiment where they would spend two weeks training novices in the science of trading and then give them each $1 million to invest. [5]
In Market Wizards by Jack D. Schwager, many investors, including Richard Dennis, quoted the book as a major source of material on stock trading. References ...
Million Dollar Traders is a 2009 British reality television series devised by hedge fund manager Lex van Dam, which attempted to recreate the famous Turtle Traders experiment devised by Richard Dennis in the 1980s.
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Michael W. Covel (born September 1, 1968) is an American author, entrepreneur, and film director. [1] [2] In 1996, he co-founded TurtleTrader.com, later expanded into TrendFollowing.com, a popular online resource focused on investment style known as trend following, which allows investors to profit in both up and down markets.
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In 2004, the SEC fined Raymond James $6.9 million for failure to supervise former broker Dennis Herula, who was accused of participating with others in a Ponzi scheme that raised about $44.5 million from investors in 1999–2000. Herula himself raised about $16.5 million of investor funds, most of which was later transferred to his wife's ...