Top 10 Trading Industry Rogues and Villains

Everyone has heard a tale of investors being defrauded, especially lately. While there are the Madoffs and Stanfords of the world, who just out and out steal from their investors, there are also rogue traders who, either by malice or incompetence (or both), have put institutions out of business.

Bruce Kovner of Caxton Associates

In discussing basketball players who step up in the playoffs and elevate their game to do what it takes to win the National Basketball Association (NBA) championship, NBA analyst Kenny Smith remarked, “The great ones have short memories.”

Richard Driehaus Profile

Richard Driehaus is famous as founder of Driehaus Capital Management which produced compounded annual return in excess of 30% net of all fees over 12 years.

Legend of the Turtle Traders

Well known within the trading community, Richard Dennis and William Eckhardt have forever changed the landscape of commodity trading. Not only amassing fortunes themselves, Dennis and Eckhardt created a whole school of trading which, merely off a bet, made 23 lucky students very rich.

Paul Tudor Jones Profile

Counterpunching is the key to success for legendary investor Paul Tudor Jones II, founder of the hedge funds group, Tudor Investment Corporation.

David Tepper Profile

David Alan Tepper bets big and wins big on big banks and stocks. Appaloosa Management, the Chatham, N.J. fund he founded and manages, held more than $1.2 billion combined in the four biggest U.S. banks, according to a filing with the Securities and Exchange Commission, after he raised his bets on them during the fourth quarter of 2010.

Profile of Ray Dalio of Bridgewater Capital

Ray Dalio is the founder of Bridgewater Associates which manages over $150 billion in assets. Bridgewater Associates runs one of the largest hedge funds in the world, and their Pure Alpha fund has over $45 billion assets under management

Financial Markets and Trading Blogs

Trying to get a list together of quality trading blogs. The list also includes blog aggregates such as seekingalpha, businessinsider etc.

Curtis Faith

Curtis Faith is a notable participant of Richard Dennis’ fabled Turtle Trader experiment. He is the author of Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders (2007) and Inside the Mind of the Turtles: How the World’s Best Traders Master Risk.