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Discover the captivating true story of Wall Street legend Richard Dennis, his disciples known as the Turtles, and the groundbreaking trading techniques that catapulted them to wealth. This narrative explores the intriguing question: what happens when average individuals learn a system to generate extraordinary wealth?
Richard Dennis accumulated a massive fortune on Wall Street by adhering to a set of simple yet potent investment rules. Believing that successful trading was a teachable skill, he wagered a bet with his partner and posted a classified ad in the Wall Street Journal seeking inexperienced individuals to train. His recruits, who would later earn the moniker the Turtles, came from diverse backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer.
Over two weeks, Dennis imparted his investing philosophy and rules to his trainees, then gave each of them a million dollars of his own money to commence trading. By the end of this audacious experiment, Dennis had profited a staggering hundred million dollars from his Turtles, thereby solidifying a thrilling Wall Street legend.
In “The Complete Turtle Trader,” Michael W. Covel, bestselling author of “Trend Following” and managing editor of TurtleTrader.com, gives us an exclusive insight into this fascinating tale through the first-ever on-record interviews with individual Turtles. Covel meticulously details how Dennis selected and trained his students, their experiences working under his tutelage, and the full breakdown of the Turtle trading system and rules.
Covel unveils how the Turtles amassed their staggering wealth and tracks their journeys from the initial experiment to the present day. Some have grown even wealthier, becoming today’s leading hedge fund managers. Notably, some Turtles have imparted their knowledge to a new generation of traders, demonstrating that the Turtles’ system is truly reproducible and that anyone with discipline and ambition can match or even surpass the success of Wall Street’s top hedge fund wizards.
In an era saturated with hasty investing advice and promises of ‘