Cover Story - Trading Boot Camps: Can Colleges Simulate the Choas of Trading?

Traders, February, 2000 by Wexler, Sanford

Some stock traders say the idea is as preposterous as learning to fly without ever cruising the sky. Can institutional stock trading be taught in the classroom?

"In an academic environment," responded William Black, co-manager of Fleet Trading in Jersey City, "the trading losses are imaginary. The impact is just not the same as in real life. The experience is not threatening or overwhelming."

The legendary Alan "Ace" Greenberg, chairman of Bear, Stearns & Co., once said the most important trait for a prospective trader is not a PhD but to have PSDS' - be poor, smart with a deep desire to become rich.

But across the U.S. a growing number of colleges and universities are now challenging these doubting pros. They are introducing high technology...

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