“I am not broke. I have had several periods in the last several years where I was very, very low on cash, but that’s not the same thing as being broke. Even if I had been broke, I’m not sure it matters as I’m selling software, not advice on how not to ever go broke.”
Curtis Faith, 2007
“I am out of money. None at all. Well, $27 in my pocket. No more anywhere. My wife doesn’t work. I’ve spent every last dime working on trying to figure out a way to make a difference and now I’m left with $27. That’s a twenty and seven ones, two of them are pretty rough. A twenty and seven ones. And that is all it will take to change the world. What did Jesus say about the mustard grain. Hell, I’m Curtis Michael Faith, if I don’t have Faith who does?”
Curtis Faith, 2012
Curtis Faith is a tragic figure, in many respects. He was accepted into Richard Dennis’ 1983 Turtle Trading experiment, where his raw trading skills were honed, and where he became a millionaire.
Then, after leaving the Dennis group, with wealth, with a proven ability to make money, and with formidable writing skills, somehow he managed to piss it all away. Faith ran afoul of the SEC and the CFTC, had his investment company permanently banned from the securities industry, wound up penniless and nearly bankrupt on more than one occasion, and ultimately went to jail for theft and burglary.
But, long before all of that, Curtis Faith wrote [I][B]The Original Turtle Trading Rules,[/B][/I] self-published by originalturtles.org in 2003, an insider’s account of the famous Turtle Trading experiment he participated in, and a point-by-point explanation of the rules laid out by Richard Dennis for his trainees to follow.
In the Foreword, Faith has some scathing comments about Michael Covel (identified only as the guy who runs TurtleTrader.com), and Russell Sands (identified only as “former Turtle”).
This short, 37-page, e-book is well worth your time to read. It is superbly well written, because Curtis Faith was, and is, a superb writer — which makes his fall from grace all the more poignant.