How to play your cards well in Wall Street

The main finding was that among students the only useful predictor of trading success was general intelligence. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

NEW YORK - Perhaps the most famous trading experiment ever conducted was when commodities investor Richard Dennis bet his partner William Eckhardt in 1983 that he could train a group of amateurs – dubbed “the Turtles” – to be successful futures traders.

The bet was to be settled by giving the Turtles real money to trade. In the end, the Turtles compiled an impressive record, handing Mr Dennis the win.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.