Plakobranchidae and Michael Marcus (trader): Difference between pages

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{{Taxobox
[[Image:Michaelmarcus.jpg|thumb|right|Michael Marcus at his trading office.]]
| name = Placobranchidae
'''Michael Marcus''' is a [[commodity market|commodities]] [[trader (finance)|trader]] who, in less than 20 years, is reputed to have turned his initial $30,000 into $80 million.<ref name=pitbull>{{cite book
| image = Lettuce Sea Slug 11-03-2006.jpg
| last = Schwartz
| image_caption = ''[[Elysia crispata]]''
| first = Martin
| regnum = [[Animalia]]
| authorlink = Martin Schwartz
| phylum = [[Mollusk|Mollusca]]
| coauthors =
| classis = [[Gastropoda]]
| title = Pit Bull
| subclassis = [[Orthogastropoda]]
| publisher = Collins
| superordo = [[Heterobranchia]]
| date = 1999
| ordo = [[Opisthobranchia]]
| location = pp 22, 176, 179, 184, 190
| subordo = [[Sacoglossa]]
| url = http://www.amazon.com/gp/reader/0887309569/?keywords=Michael%20Marcus&v=search-inside
| superfamilia = [[Placobranchoidea]]
| id = ISBN 0-88730-956-9 }}</ref> Marcus met his [[mentor]] [[Ed Seykota]] while working as an analyst and learned money management from him. Later while working.<ref name="nymetro">{{cite news
| familia = '''Placobranchidae'''
| last = Weiss
| familia_authority = Gray, 1840 <ref> Synopsis of the contents of the British Museum, ed. 42: 121, 148 </ref>
| first = Philip
| subdivision_ranks = Genera
| title = George Soros’s Right-Wing Twin
| subdivision = See text.
| publisher = [[New York magazine]]
}}
| date = 2005-08-08
| url = http://www.trendfollowing.com/whitepaper/bruce-kovner.pdf
| accessdate = 2006-08-05 }}</ref> at [[Commodities Corporation]] and before becoming the company's executive vice president, he hired [[Bruce Kovner]] to be his assistant and taught Bruce the ins and outs of trading.<ref name=forbes>{{cite news
| title = Kovner, Bruce on Forbes 400
| work = Forbes 400 1999
| publisher = [[Forbes (magazine)|Forbes magazine]]
| date = 1999-10-01
| url = http://www.forbes.com/finance/lists/54/1999/LIR.jhtml?passListId=54&passYear=1999&passListType=Person&uniqueId=6OQE&datatype=Person
| accessdate = 2006-08-06 }}</ref>


==Education==
'''Placobranchidae''' is a [[family (biology)|family]] of [[gastropod]] sea slugs resembling [[nudibranch]]s. They are members of the [[suborder]] [[Sacoglossa]] in the [[order (biology)|order]] [[Opisthobranchia]].
He graduated in 1969 [[Phi Beta Kappa]] from [[Johns Hopkins University|Johns Hopkins]] and obtained his [[Doctor of Philosophy|Phd]]<ref name=pitbull/> in [[Psychology]] from [[Clark University]].<ref name="nymetro"/>


==Personal==
This family was originally described as Elysiadae by Forbes & Hanley in 1851 in the book ''A history of British Mollusca and their Shells'' 3:613. In the new [[Taxonomy of the Gastropoda (Bouchet & Rocroi, 2005)|taxonomy of Bouchet & Rocroi]] (2005), the family '''Elysiidae ''' is considered a synonym of the family [[Placobranchidae]] <small> Gray, 1840 </small>


At one time he was a devout follower of the [[Maharishi Mahesh Yogi]].<ref name=pitbull/> His first wife divorced him because he spent more time trading than with her. He has a mansion with a private beach overlooking the ocean in [[Malibu, California|Malibu]], [[California]]<ref name=sec1>{{cite web
==Genera==
| title = SEC edgar
* ''[[Bosellia]]'' <small>Trinchese, 1891</small>
| publisher = SEC
* ''[[Elysia (genus)|Elysia]]'' <small>Risso, 1818</small>
| date = 2006-08-06
* ''[[Placobranchus]]'' <small> van Hasselt, 1824 </small> (type genus) (the author seems to have spelled it originally as ''Plakobranchus'')
| url = http://sec.edgar-online.com/2001/04/02/0000950116-01-000548/Section16.asp
* ''[[Thuridilla]]'' <small>Bergh, 1872</small>
| accessdate = 2006-08-06 }}</ref>
* ''[[Tridachia]]''
and he also has a ranch near [[Austin, Texas]].<ref name=sec2>{{cite web
| title = SEC info
| publisher = SEC
| date = 2006-08-06
| url = http://www.secinfo.com/d16J71.va.htm
| accessdate = 2006-08-06 }}</ref>
In the 1980s Marcus fell on his back and severely injured his lower back. For weeks after, he suffered [[Low back pain|chronic low back pain]] and discomfort in his legs, for which he was diagnosed with [[lumbar]] [[disc herniation]] and a [[coccyx]] injury; he decided against surgery and chose an alternative therapy. He claims to have found pain relief through [[Prolotherapy]] treatments and ''IVSAAT'' therapy. Delighted with the results he funded the program to build the ''CAM Research Institute''.<ref name=cam>{{cite web
| title = CAM Research Institute
| work = About us, How we got started
| date = 2006-08-06
| url = http://www.camresearch.com
| accessdate = 2006-08-06 }}</ref>


==References==
==Career==

Marcus began his trading career in 1972, when he took his whole life savings of $700 and bought plywood futures. In the summer of 1972 President [[Richard Nixon]] froze prices of some commodities like wood, but the futures contracts went sky high and Michael turned his $700 into $12,000. He would repeat the feat in 1973, turning $24,000 into $64,000.<ref name=cam>{{cite web
| last = Sjuggerud
| first = Dr Steve
| title = The "Five Years 'Til Tragedy" Rule
| publisher = The daily Reckoning UK
| date = 2003-12-11
| url = http://www.dailyreckoning.co.uk/article/11122003.html
| accessdate = 2006-08-06 }}</ref> He also used [[Freight derivative]]s.

While at Commodities Corporation he hired [[Bruce Kovner]] as a trader.<ref name="nymetro"/> As the firm's leading currency trader, Marcus had to wake up every two hours throughout the night to check the markets, which had the negative consequence of ending his first marriage.<ref name=redpepper>{{cite news
| last = Griffiths
| first = Jay
| coauthors =
| title = Colonising the night
| work =
| pages =
| language =
| publisher = [[Red Pepper (magazine)|Red Pepper magazine]]
| date =
| url = http://www.redpepper.org.uk/cularch/xmayday.html
| accessdate = 2006-08-06 }}</ref>
As a founding trader of the firm, Marcus rose through the ranks at Commodities Corporation eventually becoming an EVP. Marcus has recently diversified by investing in small-company stock through his holding company Canmarc Trading Co and later made private-placement investments in small [[OTC Bulletin Board]] listed companies like Prospector Consolidated Resources<ref name=sec3>{{cite web
| title = SEC edgar
| publisher = SEC
| date = 2006-08-06
| url = http://sec.edgar-online.com/2000/05/31/13/0000950116-00-001369/Section4.asp
| accessdate = 2006-08-06 }}</ref>
and Encore Clean Energy Inc<ref name=sec4>{{cite web
| title = SEC edgar
| publisher = SEC
| date = 2006-08-06
| url = http://sec.edgar-online.com/2000/05/31/13/0000950116-00-001369/Section4.asp
| accessdate = 2006-08-06 }}</ref>
and [[Pink Sheets]] Touchstone Resources.

ViRexx Medical Corp, a company focused on [[immunotherapy]] treatments for certain [[cancer]]s, [[Hepatitis B|chronic hepatitis B]] and [[Hepatitis C|C]], and [[embolotherapy]] treatments for [[tumor]]s, announced Marcus's election to its [[Board of Directors]] at its [[Annual general meeting|Annual General Meeting]] held May 25, 2006.

==Quotes==

In the words of Thomas A Bass, in the book ''The Predictors: How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street.''<ref name=predict>{{cite book
| last = Bass
| first = Thomas A.
| title = The Predictors
| publisher = Owl Books; Reprint edition
| date = 2000
| location = p 220
| url = http://www.amazon.com/gp/reader/0805057579/
| id = ISBN 0-8050-5757-9 }}</ref>

{{cquote|One was Michael Marcus, a former trader at the New York Cotton Exchange, who went on to become one of the world's biggest currency speculators. He made a fortune in gold and another fortune in cocoa before moving into trading tanker rates and other indices in the shipping industry. He parlayed a thirty-thousand-dollar stake into an eighty-million-dollar fortune. He owned ten houses in ''every beautiful place in the world,'' many of which he had never slept in.
His wife left him, but Marcus was too busy to notice. Trading from a beachside
mansion in California, he was waking up every two hours throughout the night to place three-hundred-million-dollar bets on currency markets in Australia, Hong Kong, Zurich, and London. His secret? Marcus is a chartist. He is a trend follower who keeps an eye on market penetration and resistance. }}

== Notes ==
{{reflist}}
{{reflist}}
* {{ITIS|ID=77937|taxon=Elysiidae}}


==References==
[[Category:Placobranchidae| | ]]
=== Books ===
<div class="references-small">
{{cite book
| last = Schwager
| first = Jack D.
| authorlink = Jack D. Schwager
| title = Technical Analysis
| publisher = Wiley
| date = 1995
| url = http://books.google.co.uk/books?vid=ISBN0471020516&id=h0AfBRLrkJYC&pg=PA755&lpg=PA755&dq=%22Michael+Marcus%22+futures&sig=bnNGI-hAl6wdEAkjLhED4NExrNY
| id = ISBN 0-471-02051-6 }}

{{cite book
| last = Rosenblum
| first = Irwin
| title = Up, Down, Up, Down, Up
| publisher = Xlibris Corporation
| date = 2003
| url = http://books.google.co.uk/books?vid=ISBN1413416845&id=F4Ya3DUMifYC&pg=PA71&lpg=PA71&dq=%22Michael+Marcus%22+futures&sig=gK9fDLT93lYLNv1uEY2fA8m2OQE
| id = ISBN 1-4134-1685-3 }}

{{cite book
| last = Banks
| first = Ferdinand E.
| title = Global Finance and Financial Markets: A Modern Introduction
| publisher = World Scientific Publishing ( Hardcover)
| date = 2001
| location = p 79
| url = http://books.google.co.uk/books?vid=ISBN9810243278&id=ZMREFuig1yoC&pg=PA79&lpg=PA79&dq=%22Michael+Marcus%22+futures&sig=_iLaEVVROTFn3dyEGkCv28UaO94
| id = ISBN 981-02-4326-X }}

{{cite book
| last = Vaga
| first = Tonis
| title = Profiting from Chaos
| publisher = Mcgraw-Hill
| date = 1994
| url = http://books.google.co.uk/books?vid=ISBN0070667861&id=hjUMHEHpp38C&pg=PA124&lpg=PA124&dq=Profiting+from+Chaos:+Using+Chaos+Theory+for+Market+Timing,+Stock+Selection,+and+Option+Valuation+Michael+Marcus&sig=3DsyIsmHZaSdB9GAkaAwFzZVeSo
| id = ISBN 0-07-066786-1 }}

{{cite book
| last = Mieg
| first = Harald A.
| title = The Social Psychology of Expertise
| publisher = LEA, Inc
| date = 2001
| location = page 124
| url = http://books.google.co.uk/books?vid=ISBN0805837507&id=8TPLr5MxPyUC&pg=PA117&lpg=PA117&dq=%22Michael+marcus%22+trader&sig=xVmlYY6RvM0FOuOb4Mod1LEcVb4
| id = ISBN 0-8058-3750-7 }}

{{cite book
| last = Schwager
| first = Jack D.
| authorlink = Jack D. Schwager
| title = Market Wizards: Michael Marcus, Blighting Never Strikes Twice
| publisher = Marketplace Books
| date = 2006
| url = http://www.amazon.com/dp/1592802850/
| id = ISBN 1-59280-285-0 }}

</div>

==Further reading==
{{cite book
| last = Schwager
| first = Jack D.
| authorlink = Jack D. Schwager
| title = Market Wizards: Interviews with Top Traders
| publisher = Collins; Reissue edition
| date = 1993
| location = 48 pages
| id = ISBN 0-88730-610-1 }}

{{cite web
| title = SEC profile
| publisher =
| date = 2006-08-06
| url = http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1264878&View=Registrant
| accessdate = 2006-08-06 }}


{{DEFAULTSORT:Marcus, Michael}}
[[it:Elysiidae]]
[[Category:Clark University alumni]]
[[Category:1956 births]]
[[Category:American businesspeople]]
[[Category:American money managers]]
[[Category:Living people]]
[[Category:Johns Hopkins University alumni]]
[[Category:Stock and commodity market managers]]
[[Category:American philanthropists]]
[[Category:Stock traders]]

Revision as of 15:41, 13 October 2008

File:Michaelmarcus.jpg
Michael Marcus at his trading office.

Michael Marcus is a commodities trader who, in less than 20 years, is reputed to have turned his initial $30,000 into $80 million.[1] Marcus met his mentor Ed Seykota while working as an analyst and learned money management from him. Later while working.[2] at Commodities Corporation and before becoming the company's executive vice president, he hired Bruce Kovner to be his assistant and taught Bruce the ins and outs of trading.[3]

Education

He graduated in 1969 Phi Beta Kappa from Johns Hopkins and obtained his Phd[1] in Psychology from Clark University.[2]

Personal

At one time he was a devout follower of the Maharishi Mahesh Yogi.[1] His first wife divorced him because he spent more time trading than with her. He has a mansion with a private beach overlooking the ocean in Malibu, California[4] and he also has a ranch near Austin, Texas.[5] In the 1980s Marcus fell on his back and severely injured his lower back. For weeks after, he suffered chronic low back pain and discomfort in his legs, for which he was diagnosed with lumbar disc herniation and a coccyx injury; he decided against surgery and chose an alternative therapy. He claims to have found pain relief through Prolotherapy treatments and IVSAAT therapy. Delighted with the results he funded the program to build the CAM Research Institute.[6]

Career

Marcus began his trading career in 1972, when he took his whole life savings of $700 and bought plywood futures. In the summer of 1972 President Richard Nixon froze prices of some commodities like wood, but the futures contracts went sky high and Michael turned his $700 into $12,000. He would repeat the feat in 1973, turning $24,000 into $64,000.[6] He also used Freight derivatives.

While at Commodities Corporation he hired Bruce Kovner as a trader.[2] As the firm's leading currency trader, Marcus had to wake up every two hours throughout the night to check the markets, which had the negative consequence of ending his first marriage.[7] As a founding trader of the firm, Marcus rose through the ranks at Commodities Corporation eventually becoming an EVP. Marcus has recently diversified by investing in small-company stock through his holding company Canmarc Trading Co and later made private-placement investments in small OTC Bulletin Board listed companies like Prospector Consolidated Resources[8] and Encore Clean Energy Inc[9] and Pink Sheets Touchstone Resources.

ViRexx Medical Corp, a company focused on immunotherapy treatments for certain cancers, chronic hepatitis B and C, and embolotherapy treatments for tumors, announced Marcus's election to its Board of Directors at its Annual General Meeting held May 25, 2006.

Quotes

In the words of Thomas A Bass, in the book The Predictors: How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street.[10]

One was Michael Marcus, a former trader at the New York Cotton Exchange, who went on to become one of the world's biggest currency speculators. He made a fortune in gold and another fortune in cocoa before moving into trading tanker rates and other indices in the shipping industry. He parlayed a thirty-thousand-dollar stake into an eighty-million-dollar fortune. He owned ten houses in every beautiful place in the world, many of which he had never slept in.

His wife left him, but Marcus was too busy to notice. Trading from a beachside

mansion in California, he was waking up every two hours throughout the night to place three-hundred-million-dollar bets on currency markets in Australia, Hong Kong, Zurich, and London. His secret? Marcus is a chartist. He is a trend follower who keeps an eye on market penetration and resistance.

Notes

  1. ^ a b c Schwartz, Martin (1999). Pit Bull. pp 22, 176, 179, 184, 190: Collins. ISBN 0-88730-956-9. {{cite book}}: Cite has empty unknown parameter: |coauthors= (help)CS1 maint: location (link)
  2. ^ a b c Weiss, Philip (2005-08-08). "George Soros's Right-Wing Twin" (PDF). New York magazine. Retrieved 2006-08-05.
  3. ^ "Kovner, Bruce on Forbes 400". Forbes 400 1999. Forbes magazine. 1999-10-01. Retrieved 2006-08-06.
  4. ^ "SEC edgar". SEC. 2006-08-06. Retrieved 2006-08-06.
  5. ^ "SEC info". SEC. 2006-08-06. Retrieved 2006-08-06.
  6. ^ a b "CAM Research Institute". About us, How we got started. 2006-08-06. Retrieved 2006-08-06. Cite error: The named reference "cam" was defined multiple times with different content (see the help page).
  7. ^ Griffiths, Jay. "Colonising the night". Red Pepper magazine. Retrieved 2006-08-06. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  8. ^ "SEC edgar". SEC. 2006-08-06. Retrieved 2006-08-06.
  9. ^ "SEC edgar". SEC. 2006-08-06. Retrieved 2006-08-06.
  10. ^ Bass, Thomas A. (2000). The Predictors. p 220: Owl Books; Reprint edition. ISBN 0-8050-5757-9.{{cite book}}: CS1 maint: location (link)

References

Books

Schwager, Jack D. (1995). Technical Analysis. Wiley. ISBN 0-471-02051-6.

Rosenblum, Irwin (2003). Up, Down, Up, Down, Up. Xlibris Corporation. ISBN 1-4134-1685-3.

Banks, Ferdinand E. (2001). Global Finance and Financial Markets: A Modern Introduction. p 79: World Scientific Publishing ( Hardcover). ISBN 981-02-4326-X.{{cite book}}: CS1 maint: location (link)

Vaga, Tonis (1994). Profiting from Chaos. Mcgraw-Hill. ISBN 0-07-066786-1.

Mieg, Harald A. (2001). The Social Psychology of Expertise. page 124: LEA, Inc. ISBN 0-8058-3750-7.{{cite book}}: CS1 maint: location (link)

Schwager, Jack D. (2006). Market Wizards: Michael Marcus, Blighting Never Strikes Twice. Marketplace Books. ISBN 1-59280-285-0.

Further reading

Schwager, Jack D. (1993). Market Wizards: Interviews with Top Traders. 48 pages: Collins; Reissue edition. ISBN 0-88730-610-1.{{cite book}}: CS1 maint: location (link)

"SEC profile". 2006-08-06. Retrieved 2006-08-06.

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