Richard Dennis

From Wikipedia, the free encyclopedia

Richard J. Dennis, a former commodities speculator, had an ongoing dispute in the mid-1980s with his long-time friend, Bill Eckhardt, about whether great traders were born or made. Dennis believed that he could teach people to become great traders, but Eckhardt thought that genetics and aptitude were determining factors ([1]); a variant of the eternal "nature vs. nurture" argument.

In order to settle the matter, Dennis suggested that they recruit and train some traders, and give them actual accounts to trade to see which one of them was correct.

They trained the first generation of Turtle Traders to win a bet that trading could be taught. Some Turtle Traders are still trading and are very successful, some are less successful, and some have crashed and burned.

Richard Dennis is one of the featured traders in Market Wizards, written by Jack D. Schwager.

Contents 1 Career 2 Published works 3 References 4 Further reading 5 External links

[edit] Career

He is a former chairman of the advisory board of the Drug Policy Alliance, and a member of the Board of Directors of the Cato Institute.

[edit] Published works

• Toward a Moral Drug Policy

[edit] References

Collins, Art. "Interview: Richard Dennis", Stocks & Commodities magazine, April 2005. Retrieved on 2006-09-05.

[edit] Further reading

Schwager, Jack D. (1993). Market Wizards: Interviews with Top Traders. 36 pages: Collins; Reissue edition. ISBN 0887306101.

Covel, Michael W. (2005). Trend Following. Chapter 2 Section: Financial Times Prentice Hall. ISBN 0-13-134550-8.

[edit] External links

• The Turtle Trading System by Richard Dennis