Bruce Kovner: From a $3,000 Credit Card to $14 Billion

Bruce Kovner borrowed $3,000 on a MasterCard in 1977 to bet on soybean futures — and it changed everything. A Harvard dropout and former NYC taxi driver, Kovner founded Caxton Associates in 1983 with just $12 million and turned it into one of the most profitable hedge funds in history, returning $12.8 billion to clients by 2010. At its peak, Caxton managed over $14 billion, posting a 55.6% average annual return in its first decade. The man who once drove cabs now chairs his own family office and donates rare music manuscripts to Juilliard.🎧 Part of the Sleepy Stock Market series — financial history told as documentary audio.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━SLEEPY STOCK MARKETFall asleep to the greatest stories in financial history.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━#BruceKovner #HedgeFund #CaxtonAssociates #TradingStory #MacroTrading #WallStreet #InvestingHistory #BillionaireStory