Everett Klipp
Everett Edward Klipp (October 8, 1926 - January 28, 2011) - Known as the "Babe Ruth" of the CBOT (Chicago Board of Trade), he was a mentor to Frank Peard, John Horner, Mark Spitznagel and countless other floor traders.[1] Klipp was born in Manteno, Kankakee County, Illinois. After a hardscrabble childhood and adolescence on a dairy farm, he enlisted in the Navy and served in the Pacific Theater during World War II. Following the war, Klipp found work as a messenger for a member firm at the CBOT. He advanced rapidly and bought a seat on the CBOT in 1953, eventually founding Alpha Futures, which became a major firm at the exchange.[2] Especially to the traders he trained, Klipp emphasized the importance of knowing how to take a loss, and the necessity of abandoning a losing position before it became a disaster.[3]
References[edit]
- ^ "Everett Klipp, 1926-2011 - tribunedigital-chicagotribune". Articles.chicagotribune.com. 31 January 2011. Retrieved October 31, 2015.
- ^ NYTimes obituary, 31 Jan 2011, archived by Legacy.com
- ^ Out of the Pits, Caitlin Zaloom, p132
Sources[edit]
Out of the Pits Traders and Technology from Chicago to London, Univ of Chicago Press, 2006 (paperback 2010)
Further reading[edit]
Eek (Chicago: Adams Press, 1995), by Everett E. Klipp (autobiography) (478 p.)
 | This article about an American businessperson born in the 1920s is a stub. You can help Wikipedia by expanding it. |