Joe Ritchie

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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[1]. According to BusinessWeek, "Ritchie is widely acknowledged to be one of the sharpest minds in the options business".^{[citation needed]}

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.[2][3].

In 1989 Ritchie committed $ 30 million[4] of his own cash to buy Eastern Airlines.[5]In 2000 he and his brother James[6] tried to unite Afghanistan and overthrow the Taliban.[7] 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.[8]

1 See also
2 References
3 External links
4 Further reading

[edit] See also

[edit] References

Gordon, Marcy. "Quixotic Bidder Ritchie Still Tilting After Eastern Airlines Mathematics Whiz Faces Huge Odds, But He Won't Give Up", Associated Press The Oregonian, July 18, 1989. Retrieved on 2006-12-20.

Frank, John N.. "These Traders Made All-Star By Hitting Singles", BusinessWeek, November 3, 1986. Retrieved on 2006-12-20.

Gordon, Michael R.. "A Nation Challenged: The Mission; A Frantic Call for U.S. Help Came Too Late", The New York Times, October 27, 2001. Retrieved on 2006-12-20.

Marin, Carol. "Fighting the Taliban; James and Joe Ritchie, two Chicago millionaires, invest their money in overthrowing the Taliban", 60 Minutes II, CBS, December 12, 2001. Retrieved on 2006-12-20.

Anderson, Porter. "Joe Ritchie: 'Not an expert in anything'", Directing mission control, as Steve Fossett's flight ends, CNN, August 17, 2001. Retrieved on 2006-09-15.