The best traders.
This section is devoted to describing the success stories of famous traders and the strategies they used. Is it so difficult to succeed in trading? What is needed for this? The main secrets of profitable trading on the stock exchange.
David Booth. Dimensional Fund Advisors
Each trader and manager strives for individuality, developing his own strategies and investment schemes, a set of rules.
However, in order to achieve success on the stock exchange, there is no need to strive to create something new, because there are thousands of traders on the market whose algorithm works successfully and demonstrates profitability.
Perhaps it would be easier to take a ready-made concept of a successful investor and strictly follow it? Many will not agree with this statement and will continue to look for something of their own.
At the same time, the biography of David Booth, owner of Dimensional Fund Advisors, proves that with proper borrowing, you can really achieve a lot.
David Booth's biography is not full of details from childhood, much less facts that could indicate that he was a gifted child and all his successes were predicted by fate.
In fact, Booth is an extremely systematic and consistent person, and his biography does not stand out in any bright colors, with the exception of the last years of his life.
William Conway the Younger. History of the formation of the Carlyle Group
The well-being of a fund or investment management company largely depends not on the personal qualities of the leader, his ability to manage investments, but primarily on the team and the ability to competently delegate powers to subordinates.
The most interesting thing is that many traders and managers are far in the shadows, bringing billions of dollars to the fund and investors, while a completely different person is basking in the glory.
William Conway can rightfully be called the eminence grise of the Carlyle Group, and in this article you will get acquainted not only with the biography of this unique manager.
But even with the biography of the Carlyle Group, which would not have gained a position in the world market if William Conway the Younger had not made significant adjustments to the investment portfolio.
If we talk about the early years, childhood and school age, biographers know practically nothing, since, being the eminence grise of the company, William Conway was not particularly talkative with journalists and practically did not mention anything about his early years in interviews.
However, it is known for certain that William Conway showed good mathematical abilities, and from childhood he saw himself as a banker and manager in a jacket and tie.
Howard Marks Managing Director at Oaktree Capital
Many young people harbor the dream of one day donning a jacket and tie to become a trader or an asset manager for an investment firm on Walt Street.
But not everyone attaches importance to the importance of knowledge that is needed for successful stock trading. It is information about existing methods and techniques of market research that allows you to get a stable profit.
Some of the owners of Hodge Funds even prefer to regularly issue training materials for their employees, thereby protecting their capital. One such innovator is Howard Marx.
Howard Marks was born on April 22, 1946. He lived his childhood and youth in New York, or more precisely in Queens.
It is worth noting that there is very little information about the early years and parents of the billionaire, since in his interviews Howard practically did not remember that period of his life.
Managing Director Ole Andreas Halvorsen - VIKING GLOBAL INVESTORS
For many people, they dream of becoming traders, managers or investors, but their past profession, which they know perfectly, does not allow them to do this.
In fact, completely different people came to the exchange - housewives, plumbers, engineers or military personnel.
The main thing in mastering a new type of activity is not who you were before, but who you strive to become and how much effort you are willing to put into it.
However, on the stock exchange, another strong impetus in your future career is the presence of a good mentor who will happily pass on to you all his practical experience accumulated over the years.
In this article you will get acquainted with the biography of Ole Andreas Halvorsen, who was so lucky in life that the former military man became one of the top hundred hedge fund managers on Walt Street.
Female Manager - Mary Erdoes
It is no secret that a very small number of representatives of the fairer sex choose an education related to the exact sciences.
This can be seen especially clearly in the auditorium of any technical university, when the overwhelming number of guys occupy all the desks and only a few girls dilute this sad picture of those present in the audience.
That is why most people have a stereotype that only men work in the stock exchange environment, and women are nothing more than service personnel.
However, they are stereotypes in order to destroy them, and the biography of Mary Erdoes is an excellent example when a woman would be the envy of at least the majority of men on Walt Street.
Mary Erdoes was born on August 13, 1967, into a family of Irish Catholic descent. She spent her childhood and youth in Winnetka, Illinois. She grew up in a wealthy and highly educated family.
Her father and mother were partners (owned shares and were part of the board) of the investment firm Lazard Freres.
Manager Leon Black – APOLLO GLOBAL MANAGEMENT Foundation
For many traders and investors, the bankruptcy procedure of a company, fund or bank is always associated with huge losses. Yes, it is the bankruptcy procedure that triggers a sharp decline in prices for shares or debt obligations held by the company.
However, if key shareholders try to quickly get rid of shares, the largest market sharks, on the contrary, make the maximum purchase of distressed assets,
After all, with proper management, a block of shares bought for almost nothing can bring millions of dollars in profit.
You will get acquainted with the biography of one of these stock market sharks, who became rich from distressed assets, in this article.
Leon Black was born in 1951 in New York into a very wealthy family of a businessman and artist. His father was an immigrant from Poland, while his mother was a Native American.
It is worth noting that my father was the owner of the largest export company, United Brands, which supplied citrus fruits and other products to the USA and European countries.
Abigail Johnson. One of the most influential heiresses in the world
It is no secret that many professions and knowledge about them were passed on from generation to generation, and dynasties of doctors, military men and engineers were born.
The sphere of investment business, whether in America or any other country, is also built on its successors, and in most cases on family ties.
However, no matter what the parents’ desire to instill a love for the family business, practice shows that children and relatives are one of the most important reasons for the collapse of companies.
Since the inheritance received does not represent any value for the person who did not create it.
There are a lot of similar stories, but there are also cases when children not only successfully accept obligations, but also proudly contribute by developing investment projects.
Jeffrey Gundlach – investor and director of DOUBLELINE CAPITAL
The direction of investing and trading on the stock exchange attracts many successful people who have somehow managed to realize themselves in life.
The reason for this phenomenon is the desire not only to preserve earned capital, but also to significantly increase it, ensuring a profitability that is several percent higher than the bank one.
However, the history of the stock exchange world contains more resonant stories, since sometimes completely random people who have nothing in common with the investment world achieved simply stunning success.
Actually, you will get acquainted with one of these stories in the article and learn about how a musician began to manage billions of dollars.
Jeffrey Gundlach was born on October 30, 1959 in Amherst, New York. He grew up in the most ordinary American family, where there was only enough money to feed the family and for small elements of everyday luxuries.
Trader and financier Lawrence Fink, managing trillions.
Success in the financial markets for many traders comes so suddenly that the wave of success simply blows the head off the lucky one who held his first million in his hands.
However, an equally surprising phenomenon on Walt Street is the history of bankruptcies and suicides, when people took huge profits and were unable to keep them, moreover, they became bankrupt, went to prison or even committed suicide.
There are an order of magnitude more such stories than real success stories.
But do you know who there really are? Those who fell from the top, worked on their mistakes, and rose, despite general criticism and censure from fellow investors.
The success story of Lawrence Fink is one of those that would not be embarrassing to teach to students at any university in the world in finance classes.
Alfred Winslow Jones - creator of the first Hedge Fund
The history of human development and new discoveries sometimes no longer depends on scientists who are in their offices trying to make the next breakthrough, but thanks to a coincidence of circumstances and ordinary people who were in the right place at the right time.
For example, now the word hedge fund, and the very structure of managing other people’s capital, is known to almost any person who is at least somehow involved in finance.
However, before the Second World War, no one could have imagined that hedge funds would manage global finances and assets. All this was made possible thanks to the legendary figure Alfred Winslow Jones.
early years
The future creator of hedge funds was lucky to be born into a very wealthy family; his father, Arthur Winslow Jones, was an executive director at General Electric.
The future financier was born in Melbourne, Australia in 1900. When he was just four years old, the family emigrated from Australia to the United States as his father was offered a number of positions in that country.
Manager Jamie Stern
Luck and talent play an important role in a trader’s future career. If you look at the success stories of most hedge fund owners, you will immediately see that in trading, as in any other profession, success is achieved by starting your journey from the very bottom.
In most cases, your idol ran around the exchange floor and delivered orders to brokers, conducted analytics and was engaged in research activities until his time came.
The most interesting thing is that statistics among all managers indicate that a trader approaches the creation of his own hedge fund only after forty years, when he has not only talent, but also practical experience.
However, sometimes the talent of some people is so enormous that, contrary to statistics, young people achieve stunning success. In fact, you will get acquainted with the biography of one of these managers in this article.
Jamie Stern's childhood and youth remain a mystery to many biographers, since this young man is still far from making his name in history, but most investors already know his name.
Jamie was born not so long ago, namely in 1988. It is known for certain that Jamie was a very talented and diligent student, and he was very much in love with history.