6min chapter

Michael Covel's Trend Following cover image

Ep. 1169: Avoid the Noise with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

CHAPTER

The Importance of Nurture

Chicago's reigning trader King Richard Dennis decided to conduct his real life social experiment. His firm, C&D Commodities, budgeted $15,000 for classified ads seeking trainees during late fall 1983 and 1984. Successful candidates will not be allowed to trade futures for themselves or others. The ad attracted surprisingly few respondents when you consider what Dennis was offering. One of the greatest educational opportunities of the century garnered responses ranging from a sentence written on a coconut, to the mundane I think I can make money for you.

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