Ep. 842: Michael Covel Goes on the Trend Following Tour on Trend Following Radio
Michael Covel's Trend Following
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The Origin Story of the Turtle Trader
In the mid 1970s, a close to 300 pounds, six foot two in Chicago named Richard Dennis was trading on the floor and he was making a bloody fortune. His partner is like, no way, man. You're a savant,. you're a Nate, you're a gifted, brilliant dude. We can't make people be like you. So they made a bet. They hired around 20 people, 20 students. He nicknamed them the turtles because he had been to a turtle breeding farm in Singapore and he wanted to grow traders like they were growing turtles there. That's one version of the story that I've heard. It makes his first million in the mid 70s. He
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