"Complete Turtle Trader" Book Review (Update: video))

Ever start reading a book and find yourself not wanting to put it down? Micheal Covel’s “Complete Turtle Trader” is such a book.

Covel takes an intimate and detailed look into the entire “Turtle” experiment. The book is filled with interviews with the participants, competitors and some of the greatest traders in history about the experiment.

Unlike Curtis Faith’s self-indulgent “Way of the Turtle“, Covel’s book plays no favorites and lays bare the experiment. Covel does a mini-biography of Richard Dennis, the experiment’s founder and goes into detail as to how Dennis created his fortune.

While the actual detailing of the experiment is very interesting, the best part of the book for me was Covel’s following of the Turtle’s after it was over. Here the book takes us into what the individual Turtle’s did to leverage their new cache after Dennis abruptly ended the experiment (despite the Turtle’s still trading successfully) and what how some went on to stunning success and how others essentially stopped trading. Here the book gives us lessons on entrepreneurship and how some Turtles “made that one phone call” that lead them to billions while others faded to obscurity.

The “Turtle” story is a fascinating one and in my opinion Covel has done a fantastic job telling it. I highly recommend this book.

PS: I knew the book was going to be something I might like when in the introduction Covel refers to Jim Cramer and his show as “total bullshit”.

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