Turtle

Turtle
A nickname given to a group of traders who were a part of an 1983 experiment run by two famous commodity traders, Richard Dennis and Bill Eckhardt. The goal of the study was to prove whether being a great trader was a genetic predisposition or whether it could be taught. Dennis believed that a person could be trained while Eckhardt thought it was an innate skill.

To test the idea, a trading system was taught to the participants in the research group (consisting of 10 to 12 individuals), where each were given a monetary amount - as high as $2 million - to trade. Over time it became clear that Dennis was correct in stating a person can learn to be a great trader as the research-group traders generated average annual returns of up to 80%.

The title, turtles, was based on a 1989 Wall Street Journal article, where Dennis was quoted as saying, "We are going to grow traders just like they grow turtles in Singapore."


Investment dictionary. . 2012.

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  • Turtle — Tur tle, n. [Probably the same word as the word preceding, and substituted (probably by sailors) for the Spanish or Portuguese name; cf. Sp. tortuga tortoise, turtle, Pg. tartaruga, also F. tortue, and E. tortoise.] [1913 Webster] 1. (Zo[ o]l.)… …   The Collaborative International Dictionary of English

  • Turtle — (englisch für Schildkröte) bezeichnet: Turtle F2F, ein p2p Instant Messenger zum Tauschen von Dateien über geprüfte Freundeskontakte Teenage Mutant Ninja Turtles, Comicfiguren Turtle (U Boot), ein U Boot aus dem Jahre 1776 Turtle (DSV 3), ein… …   Deutsch Wikipedia

  • turtle — [tʉrt′ l] n. pl. turtles or turtle [altered, prob. infl. by TURTLE(DOVE) < Fr tortue, tortoise < VL * tartaruca: see TORTOISE] 1. any of a large and widely distributed order (Testudines) of terrestrial or aquatic reptiles having a toothless …   English World dictionary

  • turtle — the dove [OE] and turtle the marine reptile [17] are different words. The former was borrowed from Latin turtur, which no doubt originated in imitation of the bird’s cooing. It is now encountered only in the compound turtledove, first recorded in …   The Hutchinson dictionary of word origins

  • turtle — the dove [OE] and turtle the marine reptile [17] are different words. The former was borrowed from Latin turtur, which no doubt originated in imitation of the bird’s cooing. It is now encountered only in the compound turtledove, first recorded in …   Word origins

  • Turtle — Tur tle, n. [AS. turtle, L. turtur; probably of imitative origin. Cf. {Turtle} the sea tortoise.] (Zo[ o]l.) The turtledove. [1913 Webster] …   The Collaborative International Dictionary of English

  • turtle — ► NOUN 1) a marine or freshwater reptile with a bony or leathery shell and flippers or webbed toes. 2) Computing a directional cursor in a computer graphics system which can be instructed to move around a screen. ● turn turtle Cf. ↑turn turtle… …   English terms dictionary

  • Turtle [1] — Turtle (engl., spr. Tort l), 1) Turteltaube; 2) Schildkröte, bes. die Riesen , gemeine u. griechische Schildkröte …   Pierer's Universal-Lexikon

  • Turtle [2] — Turtle, 1) (T. Island, spr. Tort l Eiländ, Batoa, Bittoa), Insel des Fidschiarchipels (Polynesien); 1773 von Cook entdeckt; 2) T. Islands, spr. Tort l Eiländs), so v.w. Schildkröteninseln …   Pierer's Universal-Lexikon

  • Turtle — (engl., spr. törtl), Schildkröte; Turteltaube …   Meyers Großes Konversations-Lexikon

  • Turtle — Diary    Comédie dramatique de John Irvin, avec Glenda Jackson, Ben Kingsley, Harriet Walter, Michael Gambon.   Pays: Grande Bretagne   Date de sortie: 1985   Technique: couleurs   Durée: 1 h 36    Résumé    Trois personnages à la dérive, trois… …   Dictionnaire mondial des Films

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