Joe Ritchie

Joseph Ritchie (born 1946) is a commodities and options trader, the founder of "Chicago Research and Trading", whose capital went up from $200,000 to over $225 million in 11 years [http://select.nytimes.com/gst/abstract.html?res=FB071EF7345D0C738DDDAD0894D0484D81] . According to BusinessWeek, "Ritchie is widely acknowledged to be one of the sharpest minds in the options business".Fact|date=April 2007

As an avid aircraft owner/operator, Joe Ritchie and his personal friend and mentor, record-setting balloonist Steve Fossett, captured 4 world records previously held by Chuck Yeager in a Piper Cheyenne 400LS. Flying a Piaggio P.180 from San Diego to Charleston, S.C. on February 6, 2003, Ritchie and Fossett averaged 546.81 mph, setting a class transcontinental record and, in the process, establishing new point-to-point records from El Paso to Charleston and Fort Worth, and from Fort Worth to Atlanta. The transcontinental speed record was selected as one of the National Aeronautic Association's Most Memorable Aviation Records of 2003. He has also served as chief of mission control on all of Fossett's missions. [http://www.google.co.uk/search?q=fossett+%22Joe+ritchie%22&hl=en&lr=&as_qdr=all&start=10&sa=N] [http://www.aviationnow.com/shownews/03nbaa/aircraft09.htm] .

In 1989 Ritchie committed $ 30 million [http://www.freewebs.com/joeritchie2007/joe-ritchie-oregonian.htm] of his own cash to buy Eastern Airlines. [http://pqasb.pqarchiver.com/washingtonpost/access/73880740.html?dids=73880740:73880740&FMT=ABS&FMTS=ABS:FT&fmac=&date=Jun+6%2C+1989&author=Martha+M.+Hamilton&desc=Focus+Shifts+To+Rebuilding+Of+Eastern] In 2000 he and his brother James [http://www.freewebs.com/joeritchie2007/index.htm] tried to unite Afghanistan and overthrow the Taliban. [http://www.uni-muenster.de/PeaCon/global-texte/g-notes/IHT%20RichBrothersMission-IHT.htm] In 1988 Abel Aganbegyan who at the time was Mikhail Gorbachev's chief economic advisors said about Ritchie "My dear friend Joe Ritchie is able to use socialist principles and still make a profit." [http://select.nytimes.com/gst/abstract.html?res=FB071EF7345D0C738DDDAD0894D0484D81]

See also

*Steve Fossett
*Mark Ritchie

References

*cite news
last =Gordon
first =Marcy
title =Quixotic Bidder Ritchie Still Tilting After Eastern Airlines Mathematics Whiz Faces Huge Odds, But He Won't Give Up
publisher =Associated Press The Oregonian
date =July 18, 1989
url =http://www.freewebs.com/joeritchie2007/joe-ritchie-oregonian.htm
accessdate = 2006-12-20

*cite news
last =Frank
first =John N.
title =These Traders Made All-Star By Hitting Singles
publisher =BusinessWeek
date =November 3, 1986
url =http://www.businessweek.com/index.html
accessdate = 2006-12-20

*cite news
last = Gordon
first = Michael R.
title = A Nation Challenged: The Mission; A Frantic Call for U.S. Help Came Too Late
work =
publisher = The New York Times
date=October 27, 2001
url = http://select.nytimes.com/gst/abstract.html?res=F40A14F635550C748EDDA90994D9404482
accessdate = 2006-12-20

*cite news
last = Marin
first = Carol
title = Fighting the Taliban; James and Joe Ritchie, two Chicago millionaires, invest their money in overthrowing the Taliban
work = 60 Minutes II
publisher = CBS
date = December 12, 2001
url = http://www.freewebs.com/joeritchie2007/index.htm
accessdate = 2006-12-20

*cite news
last = Anderson
first = Porter
title = Joe Ritchie: 'Not an expert in anything'
work = Directing mission control, as Steve Fossett's flight ends
publisher = CNN
date=August 17, 2001
url = http://archives.cnn.com/2001/CAREER/jobenvy/08/16/joe.ritchie.focus/index.html
accessdate = 2006-09-15

*cite news
last = Kaufman
first = Marc
coauthors = Robert E. Pierre
title = Rich Brothers' Mission to Save Afghanistan Stirs Suspicions
publisher = Washington Post
date = November 9, 2001
url = http://www.uni-muenster.de/PeaCon/global-texte/g-notes/IHT%20RichBrothersMission-IHT.htm
accessdate = 2006-09-15

*cite book
last = Bass
first = Thomas A.
title = The Predictors
publisher = Owl books
date = 2000
pages = 220,221
url = http://www.amazon.com/gp/reader/0805057579/?keywords=Mark%20Ritchie&v=search-inside
id = ISBN 0-8050-5757-9

*cite web
title = Ritchie Capital History
date = 2006
url = http://www.ritchiecapital.com/content.cfm/our_history
accessdate = 2006-09-15

External links

* [http://www.dailyii.com/article.asp?PositionID=2855&ArticleID=1019490&pub=521&IssueID=50235 Alpha magazine]

* [http://www.allbusiness.com/specialty-businesses/398636-1.html A marriage of convenience]

* [http://www.allbusiness.com/specialty-businesses/631927-1.html Opting for the undulating plane]

* [http://www.google.co.uk/books?q=%22Joe+Ritchie%22&as_brr=0 Joe Ritchie]

Further reading

cite book
last = Schwager
first = Jack D.
authorlink = Jack D. Schwager
title = The New Market Wizards
publisher = Wiley; New Ed edition
date = 1995
location = 20 pages
id = ISBN 0-471-13236-5