Everett Klipp
Everett Klipp (1926–2011) was known as the "Babe Ruth" of the Chicago Board of Trade, (CBOT) and a mentor to Frank Peard, John Horner, Mark Spitznagel and countless other floor traders. [1] 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 , 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[]
- ^ "Everett Klipp, 1926-2011 - tribunedigital-chicagotribune". Articles.chicagotribune.com. Retrieved October 31, 2015.
- ^ NYTimes obituary, 31 Jan 2011, archived by Legacy.com
- ^ Out of the Pits, Caitlin Zaloom, p132
Sources[]
Out of the Pits Traders and Technology from Chicago to London, Univ of Chicago Press, 2006 (paperback 2010)
Further reading[]
Eek, Everett E. Klipp, Adams Press, 1995 (autobiography)
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- 1926 births
- 2011 deaths
- American business biography stubs