greatest traders of all time

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  • 8/7/2019 greatest traders of all time


    Greatest traders of all time1. Jesse LivermorePosition: TraderClaim to Fame: Shorted Crash of 1929

    Nicknamed "Boy Plunger" Jesse Livermore is among the very few investors who profited handsomely from both the Panic of 1907 and theGreat Crash of 1929 largely due to short positions that generated as much as $100 million.

    His philosophy of trading is still widely cited, 'increase the size of your position if they're moving in your favor and cut losses quickly.'Livermore died in 1940 at the age of 67.

    2 . George SorosPosition: Chairman, Soros Fund ManagementClaim to Fame: Made $1 billion from UK Currency Crisis

    Born Aug 12, 1930 in Budapest, Soros grew up in the shadows of Nazi Germany. He didnt make a splash as a trader, however, until 1992when he made $1 billion in a single day by betting against the British pound.

    Sometimes called, "The Man Who Broke the Bank of England" Soros currently runs ahedge fund and funds philanthropic causes.

    3 . Paul Tudor JonesPosition: President & Founder, Tudor Investment CorporationClaim To Fame: Predicted 1987 Black Monday

    a onetime broker for EF Hutton, Paul Tudor Jones is known for predicting the 1987 stock market crash and doubling his clients money in the

    process. As of 2009 he was worth an estimated $6.3 billion.

    Jones also founded the Robin Hood Foundation, a charity committed to the fight against poverty in New York City.

  • 8/7/2019 greatest traders of all time


    4. James "Jim" SimonsPosition: Founder, Renaissance TechnologiesClaim to Fame: Founding Father of Quant Trading

    a former mathematician, code-breaker and poker player, Renaissance Technologies founder Jim Simons is a pioneer of quantitative trading.He was among the very fi rst to harness complex mathematical models to analyze and execute trades.

    His hedge fund has returned more than 30 percent annually for the last 20 years. In January 2010 Simons retired from his firm and became

    President of Euclidean Capital.

    5 . Nicolas DarvasPosition: Self Taught InvestorClaim to Fame: Developed BOX THEORY of Stock Picking

    A self taught investor and famous dancer (he toured with Judy Garland and Bob Hope), Darvas made a name for himself on Wall Street in thelate 1950s by implementing a series of trades that transformed $10,000 into $2 million over a period of only 18 months.

    He attributed his profits to something called BOX theory, a mix of technical and fundamental analysis thats still widely used today.

    6 . John PaulsonPosition: President, Paulson & Co.Claim To Fame: Shorted Housing Ahead Of The Real Estate Bubble

    Considered to have executed The Greatest Trade Ever Paulson made financial history in 2006 as one of the very few investors whorecognized the housing market was headed for a major fall.

    By betting against risky mortgages and precarious financial firms he earned more than $15 billion. This year, his name surfaced in the SEC'scivil fraud suit against Goldman Sachs, although his firm was not accused of any wrongdoing.

  • 8/7/2019 greatest traders of all time


    7 . Steve A. CohenPosition: Founder, SAC Capital PartnersClaim to Fame: Knack for Spotting Opportunity

    Called the most powerful trader on Wall Street, by Business Week, Cohen is also among the most reclusive. Hes famous for having anuncanny ability to make money regardless of market conditions.

    According to published reports his first day on the job at Gruntal & Co., he made an $8,000 profit. As of 2009 he was worth $11.4 billion.

    8 . Ken GriffinPosition: Managing Director & CEO, Citadel Investment GroupClaim To Fame: Launched on of the World's Largest Hedge Funds

    Said to have had a penchant for investing since college, Ken Griffin began his trading career by launching two funds from his Harvard dormroom.

    As the head of Citadel, one of the largest hedge funds in the world, he currently manages about $13 billion. On any given day his firmgenerates as much as 3% of the trading volume in New York.

    9. Jim RogersPosition: Co-Founder, Quantum FundClaim To Fame: Spotted Bull Market In Hard Assets

    Co-founder of the legendary Quantum Fund with George Soros, Rogers is celebrated for his prowess in trading commodities; an ability thathelped the Quantum Fund return 4200% in its first 10 years.

    Author of Hot Commodities: How anyone can invest profitably in the World's Best Market Rogers may have started his love affair with realthings as a boy, selling peanuts at baseball games.

  • 8/7/2019 greatest traders of all time


    10. John D. Arnold

    Position: Founder, Centaurus Advisiors

    Claim to Fame: Among Worlds Best Energy Traders

    With a net worth of $2.7 billion, the 30-something Arnold is said to be among the youngest billionaires in America. His prowess for

    energy trading generated $750 million for Enron in 2001.

    But hes best known for taking the other side of Amaranth Advisors' bad natural gas bet; he reportedly made as much as $2 billion

    personally from his winning short position.

    Shrikant hawa