Posted on 22 January 2008
I am sure you have heard about the stock markets of the world losing large portions of their value. The mainstream media is really having a field day with it. Some finance blogs are noticing considerably high search volumes as people look for answers. The Australian market has not been immune to this global phenomenon with the market having its longest losing streak in a quarter of a century. You can see the steady decline in in the benchmark All Ordinaries Index from about the 8th of January, this is shown below with 13 straight days of losses.
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Posted on 10 December 2007
The turtle trading experiment came about after a dispute between Richard Dennis and Bill Eckhardt on the issue of weather great traders were born or made. Dennis had the view that an individual could be taught to be great trader while Eckhardt thought great traders required genetics and aptitude. In order to settle the matter ads were taken out in the Wall Street Journal, New York Times and Barron’s. The ads were for the position of trading apprentices and after an initial training period the trainee would be given an account to trade. Out of a thousand applicants 13 were selected, these trainees were known as the Original Turtles.
In the Complete Turtle Trader Michael Covel investigates the story of the turtles. The book takes a pragmatic and extremely well researched look at not just the turtle experiment in isolation but explores the events that took place directly before and after the turtle experiment.
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