Sublime

Dennis figured out how to profit in the real world from an understanding of behavioral finance decades before Nobel prizes were handed out to professors preaching theory.

The successful trader is the one who codifies, the one who turns things into rules. Every idea that’s market-worthy must then be tested.”

“I assumed that a trader added something that couldn’t be encapsulated in a mechanical program. I was proven wrong.

His moneymaking style was about mammoth home runs and many smaller strikeouts. If there was a “secret,” he knew that you had to be able to accept losses both psychologically and physiologically.

He is both well liked and very intelligent. He is also very rich. I consider his annual “Chairman’s Letter” (in the Berkshire annual report) to be indispensable reading for anyone wanting to do well in business.

How to handle profits properly is a separation point between winners and losers. Great traders adjust their trading to the money they have at any one time.

This is the story of how a group of ragtag students, many with no Wall Street experience, were trained to be millionaire traders.