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The Derivative

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The Turtle Trader Story

Rich Dennis was this really interesting guy strong political views strong personal views made his first million bucks on the floor in Chicago in 1976 floor trader and he had amassed a lot of money in 76. Thousands of people applied they selected approximately 20 they trained them for a couple weeks and at the end of four years they made I don't know north of a hundred million dollars then all of those turtle traders nicknamed for many different purported reasons from the musical group the turtles to a Singapore turtle breeding farm to a group of young guys that want it to be turtles. Jerry Parker Jerry 90's ended up managing well over a billion dollars and that was it that was just this and that story inspired so many professional fund managers

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