Richard J. Dennis

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Richard J. Dennis
Occupation Commodity Trader

Richard J. Dennis is a well-known commodity trader. He is politically active, supporting libertarian and other causes. Dennis has been president of the Chicago Resource Center, a grant-making private foundation. He also has served on the boards of the CATO Institute and the Chicago Council on Foreign Relations.[1]

On March 12, 2009, Dennis was inducted into the Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community.[2]

Background

To settle a bet with his friend and business partner, Dennis taught his trend-following trading methodology to 23 non-traders in a two-week seminar. Dennis believed that trading skills could be taught, whereas his partner William Eckhardt believed that innate instincts were necessary for trading success. The majority of Dennis' students, known as the Turtles, were successful and Dennis won the bet.[3]


Education

Dennis graduated from DePaul University with a BA in philosophy.

References

  1. National Families in Action. National Families.
  2. FIA Announces Inductees to Futures Hall of Fame. Futures Industry Association.
  3. Turtle Trader. Turtle Trader.