Stock market is a very enigmatic arena where the stock trader has to tread very carefully. He has to be very cautious regarding every move which he makes because his each move plays a deciding role in his subsequent profits and losses. A stock broker is the link between the buyers and sellers. He is the one who makes the transactions happen. Therefore undisputedly he carries a heavy and sensitive burden on his shoulders. Stock market and stock trading is not only mysterious, its magical as well; for it can change the entire course of your life; taking you from rags to riches. Hereby you shall be exposed to the stories of five famous and extremely influential American stock brokers.
· RAY DALIO
Ray Dalio occupies the summit position in this list. He grew up in Jackson Heights. 1960s was the time when he entered the arena of stock trade and bought his first stock of Northeast airlines. He bought this stock from his savings, which he had accumulated while working as a golf caddy. This stock eventually tripled in its value. After attending Harvard Business School, he worked at Dominick, Dominick LLC and Shearson Hayden Stone. However eventually he came up with his own organization, known as the Bridgewater Associates, which is now counted among the world’s largest hedge funds.
· JON CORZINE
Jon Corzine is the former CEO of Goldman Sachs and MF Global; brokerage companies which made a difference in American Stock market. He grew up in Illinois. His father was both a farmer and an insurance seller. He majored in banking and finance from the University of Illinois. After his MBA, he joined Goldman Sachs and eventually made his way to the top, becoming its CEO. Because of his exceptional skills in business and his shrewd decisive abilities, he became one of the wealthiest American brokers and helped Goldman Sachs to earn a respectable position in the stock market.
· GARY BENSLER
He grew up in Maryland in a working class home and is now the Chairman of the U.S. Commodity Futures Trading Commission under President, Barack Obama. After graduating from a public school, he pursued BS and MBA from the University Of Pennsylvania. Later he too joined Goldman Sachs. His shrewd business skills and sixth sense helped him to become a multi-millionaire.He became the head of the company’s fixed income and currency trading operations in the mid-1990s and eventually became the company’s co-head for finance.
· CHRIS GARDNER
He was born in Wisconsin and was the second child in his family. With his stock trading skills, he completely molded his luck and established his own firm, known as Gardner Rich in Chicago. This brokerage firm set its tradition in the execution of debt, equity and derivative products transactions for some of the nation’s largest institutions, public pension plans and unions.
· LLOYD BLANKFEIN
Blankfein is a name that has earned respect in the brokerage industry. He has served as the CEO and chairman of Goldman Sachs. He has paved the way for Goldman Sachs to become the world’s top most investment banking and financial services firm. Blankfein has always been a hard working student and professional. He attended Harvard College and Harvard Business School and graduated with honors. He practiced law for a little while before making his entrance in the investment world.
These stories of stock traders and how they used stock trading to completely mold and transform their lives are inspiring and motivating. Each story has multiple lessons of hard work, confidence, decision power and courage imbibed in them. So all aspiring stock traders out there ought to take a leaf out of these broker’s books and use them to write their own tales.