Famous Traders & Investors
Benjamin Graham: The Father of Value Investing
Benjamin Graham’s mother lost the family savings in the Panic of 1907, when he was thirteen, and the household never recovered the standing it had held while his…
Famous Traders & Investors
Famous Traders & Investors
Warren Buffett: The Oracle of Omaha
In 1965, the common stock of Berkshire Hathaway changed hands at roughly $19 per share, approximately book value for a failing New England textile operation with almost no…
Famous Traders & Investors
George Soros: The Man Who Broke the Bank of England
The interesting thing about George Soros is not the billion dollars made on sterling in September 1992, nor the Quantum Fund’s thirty-percent compound, nor even the philosophical edifice…
Famous Traders & Investors
Peter Lynch: Invest in What You Know
Peter Lynch ran the Fidelity Magellan Fund from 1977 to 1990 and compounded capital at 29.2% a year over those thirteen years, turning a thousand dollars into roughly…
Famous Traders & Investors
Jesse Livermore: The Boy Plunger of Wall Street
November 28, 1940. Sherry-Netherland Hotel, East 59th. Livermore finishes two old-fashioneds in the cloakroom, walks to the men’s lounge, and shoots himself. The note in his pocket runs…
Famous Traders & Investors
Paul Tudor Jones: The Art of Macro Trading
Paul Tudor Jones II, born in 1954, compounded roughly 19.5% a year for three decades at Tudor Investment Corporation with one losing year, and that one a rounding…
Famous Traders & Investors
Ray Dalio and the All Weather Portfolio
Ray Dalio (born 1949) testified to a congressional committee in 1982 that the developing-world debt build-up would trigger a global contraction; he was, intellectually, half-right and, practically, almost…
Famous Traders & Investors
Carl Icahn: The Activist Investor
Carl Icahn is the man who taught American boards to be afraid of their own shareholders. Princeton philosophy in '57, options arbitrage at Dreyfus by '61, his own…
Famous Traders & Investors
Charlie Munger: Buffett's Right Hand at Berkshire
Charlie Munger is usually described as Warren Buffett’s right hand at Berkshire Hathaway, which is accurate as a job title and incomplete as a description of what he…
Famous Traders & Investors
Stanley Druckenmiller: The Greatest Money Maker
Stanley Druckenmiller (born 1953) compounded capital at roughly 30% a year for three decades at Duquesne Capital Management without posting a single calendar-year loss, which is the sort…
Famous Traders & Investors
Michael Burry and the Big Short
Michael James Burry’s 2005–2008 short of the United States subprime mortgage market is one of the most thoroughly documented profitable trades in modern financial history. The instrument did…
Famous Traders & Investors
Jim Simons and the Renaissance Medallion Fund
From 1988 to 2018, the Medallion Fund at Renaissance Technologies produced gross returns of roughly 66% per year before fees and roughly 39% after fees, sustained across thirty…
Famous Traders & Investors
John Bogle and the Index Fund Revolution
I read The Little Book of Common Sense Investing in a café in Lisbon in 2022, about six months after I'd lost €3,000 on a meme coin. I…