A financial crisis that started in July 1997 in Thailand, and affected currencies, stock markets, and other asset prices of several Asian countries, many part of the East Asian Tigers. The Thailand Baht was devalued by as much as 48%, dropping to close to a 100% fall by New Year of 1998. The Indonesian Rupiah
City: Boston2008 Age: 50 Jim Pallotta spent 15 years as a money manager for Paul Tudor Jones at the $18 billion Tudor Investment Corp. According to a letter sent to investors, Pallotta is leaving Tudor Investment to start his own firm. He will retain control of his $5 billion Raptor Global Fund along with Alter
Jay Gould (1836-1892) was born and raised on a farm near Roxbury, New York. He attended Hobart academy but left school at 16, to continue studing privately. By the age of twenty-one he had prepared several county maps, written a local history, and saved five thousand dollars. He worked with his father in the hardware
In the 1700’s a Japanese man named Munehisa Homma, a trader in the Osaka rice futures market, developed a method of technical analysis to analyze the price of rice contracts known as candlestick charting. Homma used Sakata’s Five Methods, patterns derived from rules used by local traders from his hometown of Sakata, as the foundation for
J. Peter Steidlmayer developed the method of technical analysis known as Market Profile in the 1980’s in conjunction with the Chicago Board of Trade. Market Profile is a graphical organization of price and time information.