Howard Seidler
Howard Seidler was a Turtle. His one man company is called Saxon Investment Corporation.
He is one of the more anonymous Turtles. While Seidler may operate behind the scenes, his performance (after fees) continues to whip the competition:
- 2002: +18.37 (after 7 months)
- 2001: +14.39
- 2000: +40.18
- 1999: +24.53
- 1998: +26.31
Compare his performance to 5 years of buying and holding the Nasdaq from 1997 to 2002. It's not a comparison.
Q. When did you first become involved in the markets?
A. My first exposure was actually as a child, since my father dabbled in the markets. When I was in high school, I became aware of the futures markets. Futures fascinated me because of the symmetry of being able to go short as well as long. I was also attracted by the potential for leverage. As I began to read about the futures markets, the general description seemed to be: Here's this game, and by the way, hardly anyone ever succeeds at it. To me, that was like throwing down the gauntlet. I opened up my first account for $1,000 in high school. I had saved up that money by doing chores. It took me a little over a year before I lost it all.
Q. What advice would you give someone in regards to being successful in the markets?
A. I think the single most important element is having a plan...
The New Market Wizards by Jack Schwager
