In popular fiction, men dominate the financial world of trading and investing. Try thinking of a financial wheeler and dealer from a movie, and you’ll probably come up with male characters from dramas like The Wolf of Wall Street and Wall Street or comedies such as Trading Places.
However, in real life, women have managed to occupy some of the highest positions at financial firms, and several have even launched their own firms. For example, there was Muriel Siebert, who founded her own brokerage firm, Muriel Siebert & Co., and was the first woman with a seat on the New York Stock Exchange in 1967.
If you’re struggling to think of the names of exemplary female investors and traders, we’re going to help you. In alphabetical order, we're going to introduce you to six successful women who have blazed trails in trading and investing.
Tracy Britt Cool: More Than Warren Buffett’s Protege
Tracy Britt Cool had an enviable transition out of school. After graduating from Harvard Business School, she went to work at Berkshire Hathaway for legendary investor Warren Buffett who she describes as a mentor. At Berkshire, she held a number of posts and even served on its board. She also spent time on the board of several other companies.
After 10 years at Berkshire, which included serving as the CEO of Berkshire’s home goods company Pampered Chef, Britt Cool left in 2019 to work on her own venture. She co-founded Kanbrick, an investment company that specializes in turning around struggling businesses.
She modeled it after her old workplace, Berkshire. After all, why would you change a way of investing that has worked so well? But she’s adding her own twist: her firm will invest in companies that are too small to garner the attention of the giant Berkshire.
Mellody Hobson: The Friendly Face on the Screen
If the name Mellody Hobson sounds familiar, it’s probably because you’ve seen her on TV while having your breakfast. She’s often the analyst that CBS This Morning turns to for an explanation of the latest news in the world of finance. Rightly so since Hobson as president of Ariel Investments manages $13 billion.
She also has seats on the boards of some of the largest and most well-known companies in the United States, including JPMorgan Chase and Starbucks. Hobson is a tireless advocate for not only women in trading and investing but all minorities interested in finance.
Hobson’s impact is evident in the fact that her alma mater, Princeton University, announced that the school is naming one of its residential colleges after Hobson.
Raghee Horner: Doing It Her Way
Raghee Horner is a self-taught trend trader who began teaching herself while still in high school. She even drew her own charts. She says that being self-taughtkeeps her from slavishly following traditional ways of trading. She’s confident in what works for her.
Her methods have also worked for others. Since 1997 she has openly explained her primary methodology that she invented called the 34-EMA Wave and Grab Candles indicator.
She serves as the managing director of futures trading at Simpler Trading and is the author of Forex on Five Hours a Week, Forex Trading for Maximum Profit, and Thirty Days of Forex Trading.
Kathy Lien: On Wall Street at 18
Kathy Lien is the brain behind the book Day Trading and Swing Trading the Currency Market. She also wrote The Little Book of Currency Trading: How to Make Big Profits in the World of Forex. Additionally, she co-authored Millionaire Traders: How Everyday People Are Beating Wall Street at its Own Game.
Lien is one of the founders of BKForex LLC and a managing director for BK Asset Management.
Abigail Johnson: The Captain Who Turned Around a Huge Ship
Over the last few years, Fidelity Investments has increased its offerings of passively-managed funds. That shift is due to the foresight of CEO Abigail Johnson, who took over in 2016.
Her key investment was in the company itself. She gambled on the direction that the company should go in the 21st century. Her vision of what the modern everyday investor is looking for has proven to be spot-on as Fidelity has seen tremendous growth using that strategy.
Linda Bradford Raschke: The Hedge Fund Guru Who Teaches
Linda Bradford Raschke was one of the traders profiled in Jack Schwager’s Market Wizards book series. She became a professional trader in the heady days of the 1980s—1981, to be exact.
She worked for several hedge funds before launching her own hedge fund in 2002. How well did she do? When Barclays Hedge examined 4500 hedge funds, it found that Raschke’s hedge fund had the 17th highest returns over five years.
Raschke also found time to serve two terms as President of the American Association of Professional Technical Analysts.
She’s still an active trader, but these days she’s focused entirely on her own portfolio. Since retiring from hedge funds in 2015, she continues to pass her knowledge along to others through books, seminars, and the internet, including YouTube.
Raschke is the author of Trading Sardines. She is also half of the writing team of Street Smarts: High Probability Trading Strategies for the Futures and Equities Markets.
Perth Tolle: The Conscientious Investor
A growing number of today’s younger investors aren’t interested in making money at any cost. They want some assurance that their investments won’t be used to further the interests of the world’s bad guys. That’s the primary reason that Perth Tolle created her exchange-traded fund Life +Liberty.
The fund analyzes various data to determine if the governments in emerging markets represent a risk to the basic rights of their citizenry. If they do, the fund eliminates those governments as possible investments.
Geraldine Weiss: The Blue-Chip Mother of Financial Newsletters
Geraldine Weiss began publishing an investment newsletter, Investment Quality Trends, in 1966, but she had to keep her gender a secret. Few people were interested in taking financial advice from women in investing. She waited until she had proven that she knew what she was talking about before she let her secret out in the 1970s.
By then, her strategy of leaning toward blue-chip stocks that paid dividends had made plenty of money for those who chose to listen. Her approach is still the method that the newsletter preaches today.
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