by Tim Price, Sovereign Man:
In 1983, commodities trader Richard Dennis set out to show that anybody could trade profitably provided they were taught some simple rules.
His partner, William Eckhardt, disagreed… and a wager was born.
(If this sounds familiar, it should be. It forms the basis of the plot to John Landis’ 1983 comedy, ‘Trading Places’.)
Dennis placed classified ads in the financial press soliciting trainee traders– no experience required. Successful applicants were subsequently taught some basic rules about risk management and trend-following.
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