In 1983, two traders made a bet.
Richard Dennis believed trading could be taught. His partner William Eckhardt thought it couldn’t. So they ran an experiment.
Ordinary people
Dennis recruited a group of people with little or no trading background.
Two weeks of training
He taught them a strict, rule-based system, including precise position sizing, then gave them real money.
Rules won
The “Turtles” went on to make a fortune by following the rules, not their gut.
“Discipline and rules beat talent and gut feel.”