Famous commodities trader Richard Dennis was having an ongoing debate with his friend and business partner Bill Eckhardt about whether great traders are born or made – whether it is possible to teach the ability to trade successfully. While Dennis firmly believed that trading abilities could be broken down into a quantifiable system of rules
Ed Meihaus is Chief Investment Officer of boutique investment firm Hanseatic Group. Meihaus joined the firm in 1985 and develops quantitative model-based investment applications. See also: www.hanseaticgroup.com
Firm: Bridgewater AssociatesCity: Westport, Connecticut2008 Age: 582008 Assets Under Management: $160 Billion Ray Dalio is rumoured to have started trading at the age of 12. Having gained experience in futures and commodities at firms including Merrill Lynch, Dalio founded Bridgewater Associates in 1975. Bridgewater Associates is a global investment management behemoth with assets of $160
Ralph Nelson Elliott (1871-1948) was an accountant and business executive with railroad companies in Mexico and Central America. A serious physical malady, possibly anemia left him bedridden and forced into retirement in 1929. As a distraction, Elliott turned to study the stock market and the historical price movement of the Dow Jones Industrial Average. Elliott
By Jonathan Yates When the defense of The Galleon Group founder Raj Rajaratnam rested on April 18, 2011, it was deploying the same strategy that Dennis Levine, the Drexel Burnham managing director, utilized in his trial for insider trading back in the mid 1980s: all the large sized profits were from publicly available research and