Who is the Trader Wizard?
The Trader Wizard is a real person who knows that investing in the capital markets is a long and challenging journey where investors (and their legal and accounting advisors) often need some help along the way. My name is Bill Cara and I am the Trader Wizard.
I believe I'm as fully qualified (see resume) in many aspects of the capital markets as any person you know or are likely to meet. What I know has been recorded on this web site, so hopefully you will find it a helpful reference source.
As someone who succeeded in the capital markets, rising to the corner office on the penthouse floor of the Toronto Stock Exchange tower, which I even designed, built, recruited for and trained the staff, I have much high level capital markets experience and expertise to offer you.
Short Biography of William J. Cara
While a professional trader of securities in Canada, I most enjoyed my time as a money manager and a builder of automated decision systems. I've also worked offshore and onshore, soon to go offshore again where I expect to retire and enjoy the good life there.I have managed some major broker-dealers, and some smaller ones. Yes, I have even built from scratch two successful broker-dealer firms - one of them full-service and one electronic.
Moreover, because I didn't tolerate the shabby quality of our industry's quote terminal systems at the time, I personally (with the help of three clients) financed the start-up of Star Data, a new quote service that soon took a commanding leadership of 70% of all professional users in Canada. Then I helped organize the company's affairs and took them public.
I've also worked in securities research (both fundamental and technical), retail sales, institutional sales, and corporate finance.
In corporate finance, I listened to the collapsed dreams of four first-time visitors to my office, led by a Dr. Paul Russo, and eleven days later was toasting, along with three clients and fellow investors, the closing of our $800,000 financing of their start-up called Genesis. At the time I owned over 10 percent of the company. Genesis Microchip (NASDAQ:GNSS) is now, a few short years later, a billion dollar global success.
The firms I've worked for (see resume) are names I'm sure you know (e.g., RBC, and Morgan Stanley Dean Witter), some you may know (e.g., Canaccord Capital) and a few you don't.
Not only have I taken from the industry, I have given much back. I have been an expert witness for securities commissions and governments, worked on a government task force to re-organize securities markets and made an important presentation in Senate Banking Committee hearings that investigated Canada's financial services industry.
In the Far East, I gave speeches along with the Senior Trade Commissioner of my country. I've published investment articles in national journals, magazines and via the Internet and given years of free seminars.
And, before any of this started, I worked hard to earn two professional accounting designations (CA and CMA, while working for KPMG and then PricewaterhouseCoopers in Toronto) as well as an MBA at McMaster U. By working 7x24 and at night school, I accomplished all three goals in the same year.
In undergraduate school at Waterloo Lutheran (see: Laurier), I was awarded the prestigious Wall Street Journal Student Achievement Medal, which was the top Business School award, and was listed second to the University's gold medal at my convocation.
In retrospect, I've worked hard to get to this position. More than anything, on my journey, I chose the path carefully so I could quench my thirst for knowledge. I love the capital markets.
Now I'm called Trader Wizard.
Tuesday, November 25, 2003
Authored by: Bill Cara
Visit: www.BillCara.com
