Mark Ripple
{{Infobox person
| name = Mark E. Ripple
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| birth_date = {{Birth date |1967|08|30}}
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| death_date = {{Death date and age|2010|12|17|1967|08|30}}
| death_place = Arkansas, United States
| education = Rensselaer Polytechnic Institute
| occupation = Money manager, horse racing handicapper, author
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Mark Ripple was an American money manager, expert horse racing handicapper,Market Watch Seven tips for making a better Kentucky Derby bet and author of Handicapping the Wall Street Way.UberHorse.com He was frequently sought after to write articles, having written for American Turf Monthly, The Horse Jockey, CBS, and Southern Gaming Magazine.
He was featured in American Turf Monthly and Motley Fool, and had been a featured financial commentator for CBS Market Watch.Market Watch Seven tips for making a better Kentucky Derby bet Mark gave lectures at numerous colleges including the University of Pennsylvania, Hudson Valley Community College, and Rensselaer Polytechnic Institute.RPI News and Events
Early life and education
Ripple was born August 30, 1967. After graduating from Hudson Valley Community College as a President's List Student, Ripple commenced to further his studies at Rensselaer Polytechnic Institute until he was recruited as New York State's youngest investment banker, at age 21, by Thomas James Associates of Rochester, New York.
Career
=Thomas James Associates=
He spent one year at the fledgling firm and was drafted by Merrill Lynch.Thomas James Associates
=Merrill Lynch=
While at Merrill Lynch, he held a variety of responsibilities in sales management, in both debt and equities, as well as product risk management, and investment banking.All Business
=Prudential Bache=
Ripple has also worked in the Mergers and Acquisitions Group of Prudential Securities Incorporated.UberHorse.com
=PVR Investment Holdings=
Ripple continues to invest for a very select group of clients with his British-Canadian partner, PVR Investment Holdings.
Bibliography
- [http://www.UberHorse.com Handicapping the Wall Street Way] {{ISBN|9781581501261}}
In 2005, Ripple authored a ground-breaking piece of work on horse racing handicapping. [http://www.horse-races.net/library/review-110805.htm Handicapping the Wall Street Way] shows how Ripple successfully applies theories learned from 20 years in the securities investment game to horse racing.
Ripple based his theories on market inefficiencies. The odds on a horse or a stock's price is normally very efficient, because the public sets the prices and gives correct values. We see this when odds-on favorites finish in the money more often than not, and blue chip stocks steadily rise in value over time. Clearly, this is a slow way to turn a profit. However, irrational behavior by the betting public, be they stock investors or horseplayers, will cause inefficient markets. He uses the parallel of the dot-com boom of the late 1990s and the Belmont Stakes with a Triple Crown on the line to demonstrate the most extreme examples of market inefficiency, and how taking a contrarian approach can lead to profitability. Investors who bought dot-com shares at the height of the boom and horseplayers who bet on War Emblem, Funny Cide, and Smarty Jones at the Belmont all took a loss on their wagers.
One angle of betting that other race handicapping books rarely touch on, but is always discussed by financial advisors, is risk management, prescribing a betting strategy corresponding to the level of risk the bettor is willing to take. With greater risk, there is a corresponding greater potential profit but with the trade-off of more money that can be lost. Ripple was the first to use a simple questionnaire to determine what level of risk the reader is comfortable with, and then the reader can implement the corresponding betting strategies.
Ripple recognizes that it is not "one size fits all" and has tailored strategies to reflect this.HorseRaces.netMidwest Book ReviewSouthern Gaming MagazineAmazon
Philanthropy and personal life
Ripple was also Co-Founder of the Elizabeth K. Ripple Memorial Scholarship Fund,Hudson Valley Community College News and Events founded in honor of his sister, which provides scholarships for students attending Hudson Valley Community College's Respiratory Therapy Program. He died from complications of liver disease on December 17, 2010, in Arkansas.{{cite news|title =Mark Ripple Obituary| publisher =Tributes.com|date =December 17, 2010| url =http://www.tributes.com/obituary/show/Mark-E.-Ripple-90399266}}
References
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External links
- [http://www.marketwatch.com/news/story/lucky-seven-tips-making-better/story.aspx?guid={9A144C48-954D-43EF-B37F-2F3847209F5E} Seven Lucky Tips for Making a Better Kentucky Derby Bet]
- [http://www.UberHorse.com/ Handicapping the Wall Street Way]
- [https://web.archive.org/web/20110716112938/http://southerngaming.com/?p=1409%2F Handicapping Sprint Races at the Track]
- [http://www.horse-races.net/library/review-110805.htm Cindy Pierson Dulay's HorseRaces.net]
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Category:American financial businesspeople
Category:American gambling writers
Category:American male non-fiction writers
Category:American stock traders