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.
Alfred Winslow Jones, founder of the first hedge fund
The history of human development and new discoveries sometimes depends less on scientists sitting in their offices trying to make the next breakthrough, and more on a confluence of circumstances and ordinary people who found themselves in the right place at the right time.
For example, today the word "hedge fund" and the structure of managing other people's capital are familiar to almost anyone who is in any way connected with finance.
However, before World War II, no one could have imagined that global finance and assets would be managed by hedge funds. All this became possible thanks to the legendary figure of Alfred Winslow Jones.
Early years
The future founder 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 only four years old, his 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 a significant role in a trader's future career. If you look at the success stories of most hedge fund owners, you'll immediately see that in trading, as in any other profession, success is achieved by starting from the very bottom.
In most cases, your idol ran around the trading floor and delivered orders to brokers, conducted analysis and did research 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 of age, when he has not only talent but also practical experience.
However, sometimes the talent of some individuals is so immense that, contrary to statistics, even young people achieve stunning success. In fact, you'll learn about the biography of one such manager in this article.
Jamie Stern's childhood and youth remain a mystery to many biographers, as 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.
Manager Louis Bacon. A true connoisseur of nature
Many successful people, businessmen, traders and investors show their love for Mother Nature in their own unique way.
Some people cut down forests at the very root, while boasting about thousands of dollars in donations for garbage collection and planting new saplings, while others genuinely sponsor various environmental projects and remain in the shadows.
Louis Bacon, being a successful billionaire manager, is one of the leaders in the field of environmental philanthropy.
Moreover, he is the founder of a special fund that invests in young and promising projects aimed at environmental protection.
The life of this billionaire, a trader and manager by profession, can become an excellent role model not only for aspiring traders, but also for anyone thinking about their future.
Female trader Muriel Siebert: Success against the system
Today, the stereotype that financial markets are created only for men has been virtually dispelled, as a large number of women have long since demonstrated that their trading efficiency is far from inferior, and in some cases, an order of magnitude higher.
Unfortunately, gender inequality on the stock exchange was very pronounced, to the point that women were not even considered traders.
The opposition was so great that this inequality was also reflected in wages, which were clearly not in favor of the weaker sex.
Naturally, under these circumstances, many women gave up on their dreams of financial independence, but there were also those who defied established norms and continued to pursue their goal. You'll learn about the life story of one such woman in this article.
The main character of our story, Muriel Siebert, was born on September 12, 1928. She lived in the city of Cleveland in Ohio, in a Jewish family of limited means.
The only breadwinner in the family was the father, while the mother stayed at home with two children and was responsible for raising them.
Businessman and manager Gennady Nikolaevich Timchenko, one of Russia's largest oil traders
Many people remember the Soviet Union as an ideal utopia, although in reality they only remember a couple of years of this state's existence, or have only heard about it from the memoirs of their parents.
The equality of people in society, the exaltation of the working man and the blue-collar profession, salaries that, in theory, allow for a lot of things—all of this is still remembered nostalgically by both pensioners and young people who never lived in the USSR.
However, it was precisely the collapse of this state that allowed truly talented and enterprising people, whose potential had been constrained, to escape the general system of equalization.
In this article, you'll learn about the biography of a genius, a product of the system, who was able to fully realize his potential and become one of the 100 richest people on the Forbes list.
Gennady Timchenko was born on November 9, 1952, in Gyumri, then part of the Armenian SSR. It's hard to call Gennady Nikolaevich's childhood truly his own.
Trader Jérôme Kerviel: Scapegoat or Victim of Greed and Stress?
Beginning traders almost always need their heroes. The millions in earnings, successful careers, and simply magnificent personal lives of successful managers become excellent role models for beginners.
However, the world of trading is filled not only with positive stories with a happy ending, but also with stories of downfalls, even imprisonment.
In this article, you'll meet yet another antihero who defrauded thousands of French investors, but at the same time proved to be nothing more than a scapegoat for an enraged public.
Early years
Jérôme Kerviel was born in the French town of Pont-l'Abbé on January 11, 1977. The Kerviel family was far from wealthy and almost always teetered on the edge of poverty, as Jérôme had an older brother and his parents were blue-collar workers.
Trader and investor Guy Adami. A millionaire with a passion for journalism.
In this article, you'll learn about the biography of trader Guy Adami, who loves journalists and, if not for his profession as a trader, would likely have become a TV presenter.
Early years
Adami was born on December 18, 1963, in New York City. His family was far from poor, but there were four other children in the family, so he had to work from childhood.
The most interesting thing is that the future millionaire was born into a family of lawyers; his parents met while still students at law school.
The main breadwinner in the family was the father, Guy Adami, who worked in the local justice department for more than twenty years, he was a judge in the small village of Croton-on-Hudson.
From childhood, Guy Adami was a persistent student with a great love for sports. He even served as captain of his school's team and also captained the basketball team.
A Financier's Story - Bernard Baruch: Man Against the Crowd
In his works, Bernard Baruch wrote that despite the fact that each individual person may have high intelligence and sound reasoning, when the crowd begins to move, almost everyone, without exception, follows it.
On the stock exchange, the herd instinct manifests itself in all its glory, because a trend is a reflection of the crowd's mood, so to speak, the realization of its expectations.
In his book, Bernard Baruch gave a clear answer to how he achieved success in the stock market: he stopped being part of the crowd. He bought when everyone else was selling and sold when everyone else was buying.
Fear, panic, and herd instincts lead to rash actions, but when everyone was losing en masse, Baruch was making millions.
Early years
The future genius was born in 1870 in Camden, South Carolina. He grew up in a fairly well-off family, as his father was a prominent surgeon at the time who laid the foundations for patient rehabilitation through physical therapy.
Trader and financier Mark Rich
A trader is not only a stock trader, futures or other securities, he is first and foremost a trader who, thanks to his ingenuity, intelligence and approach, makes huge amounts of money.
The most interesting thing is that all billionaire traders are embarrassed and silent about their dark past, hiding behind beautiful statistics and financial statements in order to explain how they earned their billions.
However, behind every sales contract lies bribery, collusion, and pressure. This article introduces the biography of one of the most notorious traders, Mark Rich, who adhered to a very simple principle: the murkier the water, the bigger the fish to be caught.
Marc Rich's early years
Marc Rich was born in 1934 in Antwerp, Belgium. Although Marc Rich himself claimed his family was very poor, according to numerous journalists' investigations, this was far from the truth.
Treasurer David Shaw
The stock market allows almost anyone to earn huge amounts of money, regardless of their profession or skills before making their first trade.
However, despite the abundance of different approaches to its analysis, people associated with the exact sciences, especially mathematicians and economists, most often achieve success.
The acquired logical thinking skills become an excellent basis for acquiring new knowledge and skills.
What's most surprising in the biographies of successful people is how successful teachers, scientists, or people closely associated with programming suddenly leave their comfort zone and achieve stunning success in stock trading.
In this article, you will learn about the biography of David Shaw, one of the most influential billionaires in the United States of America.
Tom Steyer: A Powerful Manager with International Ambition
In this article, you will learn about the biography of one of the most successful managers, who began making the world a better place during his lifetime.
Tom Steyer was born on June 27, 1957, in Manhattan. From childhood, he showed a love for sports, especially football.
It's worth noting that the future billionaire grew up in a fairly well-off family. Tom's mother was a teacher, and his father was a lawyer and a partner at the law firm Sullivan & Cromwell.
Thanks to his father's diligence, Tom Steyer began his education at Buckley School, considered one of the most prestigious boys' schools in the United States. It's worth noting that its alumni included the children of the Rockefellers, the Roosevelts, and even Trump Jr.
Demonstrating excellent athletic ability as well as academic skills, Tom's parents were well aware of their son's future career possibilities.
Therefore, after completing ninth grade, the decision was made to transfer my son to Phillips Exeter Academy, graduation from which opened the way to admission to Yale University.
