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
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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.

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