“We’re not really interested in people who are experts at the French stock markets or German bond markets. It doesn’t take a huge monster infrastructure – not Harvard MBAs and people from Goldman Sachs.”
Jerry Parker of Chesapeake Capital
Jonathan R. Craven is a 2nd generation turtle, and an inspiration to all new traders. Craven, im sure, was thrilled that his former boss viewed the world as he did (shown in the above quote). Craven, is not of Harvard pedigree, but rather he attended Old Dominion University in Norfolk, VA. ODU is not what most would consider the fast track to Wall Street success, but it has not stopped Craven from kicking butt. He is another in a long line of trained trend followers.
Now in his 30’s, Craven spent 7 years as an associated person with Chesapeake Capital under Jerry Parker’s tutelage (Jerry Parker is the most successful of the turtles). After launching his small one-man firm in 1998 and struggling for two years with meager returns, he finally hit his stride with trend following.
So what makes Craven special? He essentially started from scratch and works solo. His firm launched with $50,000 out of the gate. Now with $16 million under management he proves hard work and determination are still the keys to turtle-style success. He proves the one-man only potential of trading like a turtle on a small budget. If Jonathan Craven can do it, he must be an inspiration to all seeking success as a money manager or just trading their own account from home or work.
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