This is the true story behind Wall Street legend Richard Dennis, his
disciples, the Turtles, and the trading techniques that made them
millionaires.
What happens when ordinary people are taught a system to make
extraordinary money? Richard Dennis made a fortune on Wall Street by
investing according to a few simple rules. Convinced that great trading
was a skill that could be taught to anyone, he made a bet with his
partner and ran a classified ad in the Wall Street Journal looking for
novices to train. His recruits, later known as the Turtles, had anything
but traditional Wall Street backgrounds; they included a professional
blackjack player, a pianist, and a fantasy game designer. For two weeks,
Dennis taught them his investment rules and philosophy, and set them
loose to start trading, each with a million dollars of his money. By
the time the experiment ended, Dennis had made a hundred million dollars
from his Turtles and created one killer Wall Street legend.
In The Complete Turtle Trader, Michael W. Covel, bestselling author of
Trend Following and managing editor of TurtleTrader.com, the leading
website on the Turtles, tells their riveting story with the first ever
on the record interviews with individual Turtles. He describes how
Dennis interviewed and selected his students, details their education
and experiences while working for him, and breaks down the Turtle system
and rules in full. He reveals how they made astounding fortunes, and
follows their lives from the original experiment to the present day.
Some have grown even wealthier than ever, and include some of today's
top hedge fund managers. Equally important are those who passed along
their approach to a second generation of Turtles, proving that the
Turtles' system truly is reproducible, and that anyone with the
discipline and the desire to succeed can do as well as--or even better
than--Wall Street's top hedge fund wizards.
In an era full of slapdash investing advice and promises of hot stock
tips for "the next big thing," as popularized by pundits like Jim Cramer
of Mad Money, the easy-to-follow objective rules of the TurtleTrader
stand out as a sound guide for truly making the most out of your money.
These rules worked--and still work today--for the Turtles, and any other
investor with the desire and commitment to learn from one of the
greatest investing stories of all time.
