The best traders.
This section describes the success stories of famous traders and the strategies they used. Is it really that difficult to succeed in trading? What does it take? The key secrets of profitable trading.
Financier James Coulter, CEO of TPG Capital
Unfortunately, many ordinary people, even novice traders and investors, view investment funds as simple companies that have simply cleverly structured their stock or bond portfolios to earn dividends.
In reality, large funds are essentially raiders, with the caveat that everything takes place within the legal framework, and instead of thugs with bats, a team of lawyers and financiers sits at the table.
James Coulter's TPG Capital fund is no exception; moreover, TPG Capital has been repeatedly mentioned in news feeds in connection with scandals, including forceful actions against shareholders.
James Coulter's biography and his work at TPG Capital allow us to take off our rose-colored glasses and look at the investment world from a completely different perspective.
James Coulter was born to Protestant Methodists Shirley and James W. Coulter on December 1, 1959. He spent his childhood in Buffalo, New York.
It's worth noting that James Coulter showed an inclination toward business and self-sufficiency from childhood, a trait instilled in him by his father, who at the time worked as a chemical salesman and actively sold Chevron products.
Robert Smith. Vista Equity Partners
Many people greatly limit their potential by focusing on the past, and especially on their current profession.
Of course, it is very difficult for an ordinary worker to drop everything and begin to learn a new profession, new skills and move to a completely new level in his life.
However, no matter how great the prejudices of the majority, completely different people, from different professions, who had practically nothing in common with the stock exchange, achieved success on the stock exchange.
One of the most prominent managers who turned their lives around and achieved a billion-dollar fortune is Robert Smith, founder and CEO of Vista Equity Partners.
Early years
Robert Smith was born on December 1, 1962, into an ordinary African-American family of academic teachers.
David Booth, Dimensional Fund Advisors
Every trader and manager strives for individuality, developing their own strategies and investment schemes, as well as a set of rules.
However, to achieve success on the exchange, there is no need to strive to create something new, as there are thousands of traders on the market whose algorithms are working successfully and demonstrating profitability.
Perhaps it's easier to take a successful investor's established approach and strictly adhere to it? Many would disagree with this assertion and continue to search for something of their own.
At the same time, the biography of David Booth, owner of Dimensional Fund Advisors, proves that with smart borrowing, you can achieve truly great things.
David Booth's biography is not overflowing with details from his childhood, much less facts that might indicate that he was a gifted child and that all his successes were predetermined by fate.
In fact, Bout is an extremely systematic and consistent person, and his biography does not stand out with any bright colors, with the exception of the last years of his life.
William Conway Jr.: The Origins of the Carlyle Group
The success of a fund or investment management firm depends largely not on the personal qualities of its leader or his or her investment management skills, but rather on the team and the ability to effectively delegate authority to subordinates.
The most interesting thing is that many traders and managers are far from the shadows, bringing billions of dollars to the fund and investors, while a completely different person basks in the rays of glory.
William Conway can rightfully be called the eminence grise of the Carlyle Group, and in this article you will learn more than just the biography of this unique manager.
But also with the biography of the Carlyle Group, which would not have gained a position in the global market if William Conway Jr. had not made significant adjustments to the investment portfolio.
When it comes to his 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 mentioned practically nothing about his early years in interviews.
However, it is known for certain that William Conway demonstrated good mathematical abilities, and from childhood he saw himself as a banker and manager in a jacket and tie.
Howard Marks, CEO of Oaktree Capital
Many young people harbor the dream of one day putting on a jacket and tie and conquering the profession of a trader or asset manager at an investment company on Wall Street.
But not everyone appreciates the importance of knowledge needed for successful stock trading. It's information about existing market research methods and techniques that enables consistent profits.
Some hodge fund owners even prefer to regularly publish training materials for their employees, thereby protecting their capital. One such innovator is Howard Marks.
Howard Marks was born on April 22, 1946. He spent his childhood and youth in New York, or to be more precise, in Queens.
It's worth noting that there's very little information about the billionaire's early years and parents, as Howard has rarely mentioned that period of his life in interviews.
Managing Director Ole Andreas Halvorsen - VIKING GLOBAL INVESTORS
Many people dream of becoming traders, managers or investors, but their previous profession, which they know perfectly, does not allow them to do so.
In fact, completely different people came to the exchange - housewives, plumbers, engineers or military personnel.
The most important 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 boost to your future career is having a good mentor who will be happy to share with you all of their practical experience gained over the years.
In this article, you will learn about the biography of Ole Andreas Halvorsen, who was so lucky in life that the former military man became one of the top 100 hedge fund managers on Wall Street.
The Woman Manager - Mary Erdoes
It is no secret that very few 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 majority of boys occupy all the desks and only a few girls brighten this sad picture of those present in the auditorium.
This 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, stereotypes are meant to be destroyed, and Mary Erdoes's biography is an excellent example of a woman who would be the envy of at least most men on Wall Street.
Mary Erdoes was born on August 13, 1967, to Catholic parents of Irish descent. She spent her childhood and youth in Winnetka, Illinois, growing up in a wealthy and highly educated family.
Her father and mother were partners (owned shares and served on the board) of the investment firm Lazard Freres.
Manager Leon Black – APOLLO GLOBAL MANAGEMENT Fund
For many traders and investors, the bankruptcy of a company, fund, or bank is always associated with enormous losses. Indeed, it is bankruptcy that triggers a sharp decline in the price of shares or debt held by the company.
However, while key shareholders are trying to quickly get rid of shares, the largest market sharks, on the contrary, are making the maximum purchase of problematic assets,
After all, with the right management, a block of shares bought for next to nothing can generate millions of dollars in profit.
In this article, you'll learn about the biography of one such stock market shark, who got rich on distressed assets.
Leon Black was born in 1951 in New York City to a wealthy family of a businessman and an artist. His father was an immigrant from Poland, while his mother was a native American.
It is worth noting that the father was the owner of the largest export company, United Brands, which supplied citrus fruits and other products to the United States and European countries.
Abigail Johnson. One of the world's most influential heiresses
It is no secret that many professions and knowledge about them were passed down from generation to generation, giving birth to dynasties of doctors, soldiers, and engineers.
The 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 how much parents want to instill a love for the family business, experience shows that children and relatives are one of the main reasons for the collapse of companies.
Because the inheritance received has no value for the person who did not create it.
There are many such stories, but there are also cases where children not only successfully take on responsibilities, but also proudly contribute to the development of investment projects.
Jeffrey Gundlach is an investor and CEO of DOUBLELINE CAPITAL
The field 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 accumulated capital but also to significantly increase it, ensuring a return several percentage points higher than that of banks.
However, the history of the stock market holds more resonant stories, as sometimes completely random people with nothing to do with the investment world have achieved simply stunning success.
In fact, you will learn about one such story in this article and how a musician came to manage billions of dollars.
Jeffrey Gundlach was born on October 30, 1959, in Amherst, New York. He grew up in a very ordinary American family, where the family's income was only enough to feed the family and afford a few luxuries.
Trader and financier Laurence Fink, managing trillions.
For many traders, success in the financial markets comes so suddenly that the wave of success simply blows away the head of the lucky person who holds their first million in their hands.
However, an equally astonishing phenomenon on Wall Street is the stories of bankruptcies and suicides, where people, having taken enormous profits, were unable to hold on to them, even going bankrupt, going to prison, or even committing suicide.
Such stories far outnumber actual success stories. But you know who's really rare?
Those who fell from the top, learned from their mistakes, and rose again, despite widespread criticism and condemnation from fellow investors.
Lawrence Fink's success story is one that would be worthy of being taught in any university finance class.
