March 3, 2017· 37 min

The Incredible True Story of the Real Life 'Trading Places'

Michael Covel

Orality

Model

92%

Highly oral (epic poetry, sermons, hip-hop)

Speaker Breakdown

HostTracy Alloway(1,179 words)

M:29%

GuestMichael Covel(2,851 words)

M:28%

Oral Indicators

Agonistic26%

clearly, very, basically

Engagement70%

you, our, your

Memory Aids100%

listen, like, well

Repetition100%

they (72x), know (61x), it's (54x)

Parallelism76%

And I'm Joe Weisenthal...., And anyone who hasn't seen it ..., So, Joe, you're clearly a fan ...

Sound Patterns91%

59 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases9%

at the end of the day, i mean, so to speak

Literate Indicators

Hedging11%

may, could, might

Passive Voice6%

was worried, be trained, was called

Abstract Nouns18%

investment, community, business

Subordination6%

because, though, since

Sentence Length33%

Avg: 13.2 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style30%

452 personal pronouns found

Descriptive Style81%

apply, clearly, really

Description

If you have any interest at all in finance, then it's mandatory to have seen the 1983 movie "Trading Places." You remember, right? Two wealthy Philadelphia commodity brokers bet on whether anyone, even down-and-out Eddie Murphy, can be trained to become a successful trader. What you might not realize is that something very similar happened in real life. In this week's Odd Lots, we examine the amazing tale of the Turtle Traders. In 1983, successful commodities speculator Richard Dennis took out a full-page ad looking for novices to train in the art of trading. His novices -- who did spectacularly well -- studied for just a few weeks and were dubbed his "Turtles." Joining us to tell the story is Michael Covel, who wrote a book on the Turtles, and Jerry Parker, a former Turtle who still trades using the same technique today. See omnystudio.com/listener for privacy information.

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