Podcasts about hedge fund market wizards

Can anyone become a market wizard? Looking at the common thread to success. December not what is was cracked up to be... 2024 is coming to an end and we are looking towards 2025 Inspired by Market Wizards with our guest, the renowned Jack Schwager.  NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street‘s leading firms, most recently Prudential Securities. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Unknown Market Wizards, (2020),  Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley‘s popular Getting Started series. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Stocks mentioned in this episode: (SPY), (NVDA), (TOST), (QQQ)

✅ Get Funded & Create Your Freedom Lifestyle Trading Business➡️ Where You Can Find Jack SchwagerMarket Wizards - Interviews With Top Traders [Book]Join us in this captivating conversation with industry legend: Jack Schwager. Jack is the author of the most popular trading book series of all time: Market Wizards - starting with the original in 1989 followed by The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and Unknown Market Wizards (2020). Discover the insider secrets that set highly-successful traders like Ray Dalio, Michael Marcus, Bruce Kovner, and Paul Tudor Jones apart from the masses in this illuminating episode with the "Wizard Whisperer" himself.

BIO: Jack D. Schwager is a recognized industry expert on futures and hedge funds and the author of the iconic Market Wizards series, in which he interviewed about 70 trading legends of our time.STORY: Jack stayed too long in a position where his short was the strongest and his long the weakest, even though he knew this wasn't the way to invest.LEARNING: Never stay in a position that violates something that you believe in. In every position, know where you'll get out before you get in. “A mistake is not a trade that loses money. It's a trade where you did something that violated whatever your approach is that makes money over time.”Jack Schwager Guest profileJack D. Schwager is a recognized industry expert on futures and hedge funds and the author of the iconic Market Wizards series in which he interviewed about 70 trading legends of our time.His most recent work in the series is Unknown Market Wizards, published in November 2020. Previous books in the series include Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include the revised edition of A Complete Guide to the Futures Markets (2017). Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96).Worst investment everIn late 2008, the world was falling apart. Jack looked at certain things like the metals index, down about 80%. He thought China was still an emerging market growing rapidly and had every reason to continue growing. Jack believed that this economy would come back somewhat.So, Jack decided to buy ETF calls on China and the metals as far out as he could, assuming that the longer the time, the more likely they were to come back. He bought them deep out of the money, so they were pretty cheap.Several years later, Jack still had that position. Instead of just taking the profits, he hedged himself by selling the S&P Retail ETF (XRT) and the NASDAQ ETF. Jack put himself in a spread position where he was short NASDAQ and the retail index and long China.One day, China dropped 2%, and the XRT rose 2%. So Jack's long position went down 2%, and his short position went up 2%. So he got a 4% loss on position in a single day. Essentially, you want to be long the strongest and short the weakest. Jack's position was precisely the opposite. Instead of getting out of the position, he stayed, hoping it would return in a bit, but it didn't. Jack eventually got out but lost most of his profits.Lessons learnedEnsure your long position is the...

Hedgefondförvaltarna Anna Svahn och Karl-Mikael Syding på Antiloop diskuterar lärdomar från Hedge Fund Market Wizards från 2012. Dessutom citerar Anna från en intervju med ekonomen Daniel Lacalle Fernández. Syding refererar med lite ovanligt bullish tilt till två intervjuer från senaste veckan med Druckenmiller respektive David Hunter. Hunter har ett melt-up-scenario drivet av indexering och FOMO, där S&P kan gå till 6000-7000 i år (+37-60%). Druckenmiller ser lite mer modest en mycket sannolik och förväntad men icke desto mindre kanske kraftig ekonomisk recession i vinter, men han vill ändå vara lång AI-bolag. Han har lärt sig läxan från 1999 noga att inte korta narrativ med bra momentum. /Av och med Antiloop

หนังสือ Hedge Fund Market Wizards: How Winning Traders Win ของ Jack D. Schwager - การลงทุนแบบเฮดจ์ฟันด์ คือการลงทุนแบบป้องกันความเสี่ยง และเน้นไปที่สินทรัพย์ที่ให้ผลตอบแทนสูงสุด ณ ช่วงเวลาหนึ่ง - หากเราประยุกต์ใช้กับการลงทุนในทุกรูปแบบ การลงทุนก็คือสิ่งเดียวกันนั่นคือการซื้อสินทรัพย์หนึ่งเพื่อเพิ่มผลตอบแทน - แต่การเทรดนั้นมันก็เป็นสิ่งที่เพิ่มความท้าทายอย่างยิ่ง เพียงเพราะแนวโน้มจะมีความเชื่อมโยงกัน แต่มันไม่ได้เป็นเหมือนกันทั้งหมด - กลยุทธ์นั้นแทบจะไม่แตกต่าง แต่อาจจะมีบางมุมที่ไม่สามารถเชื่อมโยงกับสินทรัพย์ที่เราศึกษาอยู่ แต่เราก็จำเป็นต้องศึกษาต่อยอดไปอยู่ดี - ทั้งนี้ การเทรดเป็นศาสตร์ที่เราต้องใช้กับทุก ๆ สินทรัพย์ ถ้าเราต้องการหาจุดเข้าที่ชัดเจน หากเราไม่ศึกษาสินทรัพย์ทางเลือกเลย ปัญหาที่ตามมาอาจจะมีได้

Learn from the best in the biz. This week's guest, Jack Schwager gives us a peek into the world and habits of the most successful traders. Plenty to like in the markets as the the world is slowly reopening and the economic backdrop is strengthening. But there are some warnings signs emerging. Looking at the blowout employment report and what that could mean for interest rates and markets. Plus: What to do with that misplaced FOMO? We get into it... Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is one of the founders of Fund Seeder (FundSeeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street‘s leading firms, most recently Prudential Securities. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Unknown Market Wizards, (2020),  Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley‘s popular Getting Started series. Interactive Brokers’ Stock Yield Enhancement Program lets you earn extra income on fully-paid shares of stock in your brokerage account. Learn More at http://www.ibkr.com/funds Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (ARKK), (TSLA), (TLT)

Please enjoy my monologue Hedge Fund Market Wizards Redux with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Jack Schwager's Hedge Fund Market Wizards is a must read. Jack and I dive in across this classic episode.

Jack Schwager on the worlds greatest unknown traders.An interview with Jack Schwager, the author of The Market Wizards series of books, on his new book, Unknown Market Wizards. Jack has been involved in financial markets for over 45 years, he worked as a market analyst, a trader, managed institutional portfolios of managed accounts, and has written extensively on the futures industry.  He is most famous for his Market Wizards series of books, interviews with great traders in all financial markets. He has just released the newest installment of that series Unknown Market Wizards, which I reviewed in my Top Ten Books for Traders list earlier this week.  Schwager has interviewed Bruce Kovner, David Shaw, Paul Tudor Jones, Ed Seykota, Michael Steinhardt, William O'Neill, William Eckhardt, Monroe Trout, Stanley Druckenmiller, Mark Ritchie, Blair Hull, Larry Hite, Jim Rogers, Edward Thorp, Richard Dennis, and many more of the worlds most famous and highest returning traders.Patrick Boyle asks Jack about the characteristics these great traders have in common, what it takes to be a great trader, and what kind of returns do market wizards make in the long run. They discuss the efficient markets hypothesis, risk management, and how markets change over time.Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceUnknown Market Wizards by Jack Schwager:  https://amzn.to/3om6SHJJack Schwager Author Page on Amazon: https://amzn.to/3mBTq1LJack's Website: https://jackschwager.com/Patrick's Books:Statistics for the Trading Floor:  https://amzn.to/3eerLA0Derivatives for the Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoyleFind Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinanceSupport the show (https://www.patreon.com/PatrickBoyleOnFinance)

The numbers don't lie. Today the stock market is more expensive than it has been at any point in history... More expensive than the 1929 Crash or the Dot Com bubble... Even worse, rampant speculation is as bad as it's ever been. New investors are entering the market like never before, buying call options like lottery tickets. How do we make sense of this environment? Can you reap the big gains of a market like this while trading safely? Dan brings Jack Schwager onto the show to help tackle some of these questions. Jack is perhaps best known for his best-selling series of interviews with the greatest traders and hedge fund managers of the last three decades: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). Jack has interviewed all of the greatest investing minds on the planet. During their discussion, Jack shares some of the most vital lessons he's learned from these titans, including what they all preach and where they differ in strategy. Jack gives a ton of timeless advice that you won't want to miss. Listen to his discussion with Dan and more on this week's episode. For more from Stansberry Research, check out the American Consequences podcast here: https://americanconsequences.com/podcast/

The numbers don't lie. Today the stock market is more expensive than it has been at any point in history... More expensive than the 1929 Crash or the Dot Com bubble... Even worse, rampant speculation is as bad as it's ever been. New investors are entering the market like never before, buying call options like lottery tickets. How do we make sense of this environment? Can you reap the big gains of a market like this while trading safely? Dan brings Jack Schwager onto the show to help tackle some of these questions. Jack is perhaps best known for his best-selling series of interviews with the greatest traders and hedge fund managers of the last three decades: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). Jack has interviewed all of the greatest investing minds on the planet. During their discussion, Jack shares some of the most vital lessons he's learned from these titans, including what they all preach and where they differ in strategy. Jack gives a ton of timeless advice that you won't want to miss. Listen to his discussion with Dan and more on this week's episode.

My guest today is Jack D. Schwager, a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Previous books in the series include: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His most recent book, the revised edition of A Complete Guide to the Futures Markets, was published in January 2017. His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96). He is also a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com). The topic is his book Unknown Market Wizards: The best traders you've never heard of. In this episode of Trend Following Radio we discuss: Jack Schwager Books Market Wizards Book The Unicorn Sniper He's his own worst enemy – Peter Brandt Trading for Women Penny Stocks Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Today on my show one of my most popular guests… Jack Schwager returns. The Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include: – A trader who turned an initial account of $2,500 into $50 million. – A trader who achieved an average annual return of 337% over a 13-year period. – A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis. – A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span. – A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%. World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout. The result is a engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes. Bio: Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Previous books in the series include: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His most recent book, the revised edition of A Complete Guide to the Futures Markets, was published in January 2017. His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96). He is also a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com). In this episode of Trend Following Radio: Jack Schwager Books Market Wizards Book The Unicorn Sniper He’s his own worst enemy – Peter Brandt Trading for Women Penny Stocks

Legendary Author, Mr. Jack Schwager, of the Market Wizards Series joined CEO Paul Gray of IronHold Capital to discuss his latest edition titled 'Unknown Market Wizards'. Jack's latest masterpiece chronicles the stories and profiles of some of the greatest traders in the world who trade on the behalf of their own accounts. These traders typically fly below the radar and operate outside the public scope as the title of the book suggests. Among his many accolades, Jack is best known for his profile interviews with some of the greatest hedge fund managers of the last three decades as depicted in his Market Wizard Series. These managers have included the likes of Ray Dalio, Paul Tudor Jones, Stanley Druckenmiller and Edward Thorp just to name a few. Jack's Best Sellers have included the following: Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). Jack is also the proud Founder of FundSeeder which connects some of the most talented individual traders in the world with seed capital. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street's leading firms, most recently Prudential Securities. Full Video: https://www.ironholdcapital.com/libi Linkedin: https://www.linkedin.com/in/pauljohngray/ Newsletter: http://eepurl.com/hbYkxf

Matt Z from Optimus Futures interviews the legendary Jack Schwager, the famous author of Markets Wizards, Hedge Fund Market Wizards and Market Sense and Nonsense. In this interview, Jack addresses the traits of successful traders and the steps they take to manage their trades. Jack goes over real-life examples of traders he interviewed and shares their experiences to identify what it takes to master the art of trading and investing.

Some books take legendary status because of the breadth and depth of the content and their ability to become a guiding force for its readers. On one end, we have books like The Intelligent Investor and Security Analysis from Benjamin Graham which are always in an investors reading list. Similarly, if you ask the traders, two books are always in their list. One is The reminiscence of Stock Operator and the other one is The Market Wizards. Almost every market participant who has read the book has enjoyed it. The book has inspired and guided millions of traders & what differentiate these books from other profiling attempts - is the amount of depth that the interviewer goes into. Today, we have with us the Man behind Market Wizards - Mr. Jack Schwager. Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books like: Market Wizards (1989, 2012) The New Market Wizards (1992) Stock Market Wizards (2001) Hedge Fund Market Wizards (2012) Market sense & Non sense (2012) Schwager on Futures (1995) Getting started with technical analysis (1999) He is one of the founders of FundSeeder, a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Mr. Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. His prior experience also includes 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities. Without much delay, let's profile the profiler: Jack Schwager Notes: [4:00]: The transition from a Fundamental Analyst to a Technical Analyst. [6:00]: Does Fundamental analysis contradicts Risk Management ? [11:00]: Can one person wear both the hats of Trader & Investor ? [17:30]: Views on averaging up & averaging down ? [27:00]: "The best trader that I ever interviewed" [29:00]: Don't judge things on Returns alone - without understanding the underlying Risks taken. [36:30]: Are great traders born or is it a skill that can be cultivated ? [43:00]: Is there a universality in technical strategies & are they equally valid in all markets of the world ? [46:30]: Where to look for inefficiencies while developing an indicator ? [1:00:30]: Process followed to interview the Legends of Investing. [1:03:00]: What things that didn't worked during previous interviews ?

CTO Interview with Jack Schwager: Author extraordinaire and now co-founder of Fund Seeder. Mr. Schwager is the author of Market Wizards, Hedge Fund Market Wizards, A Complete Guide to the Futures Markets: Fundamental Analysis, Trading Spreads and Options (and the second edition just hit store shelves!) He discusses: Was he surprised by the reaction to Market Wizards? How did that book come about? His new project in the trading tech space: FundSeder What is FundSeeder? How does the funding process work? Do traders have to reveal their secret sauce in order to receive funding? Hot Topics in Tech: What is on our radar from a tech perspective? Tech firm creates Trump monitor for stock markets. A London-based Fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Launching an open-outcry trading floor? How very 21st century.Box Options Exchange is building the first new trading floor in Chicago in decades - Boyle expects to attract traders who prefer open outcry for big orders and keep them with a more efficient 21st-century floor model.

CTO Interview with Jack Schwager: Author extraordinaire and now co-founder of Fund Seeder. Mr. Schwager is the author of Market Wizards, Hedge Fund Market Wizards, A Complete Guide to the Futures Markets: Fundamental Analysis, Trading Spreads and Options (and the second edition just hit store shelves!) He discusses: Was he surprised by the reaction to Market Wizards? How did that book come about? His new project in the trading tech space: FundSeeder What is FundSeeder? How does the funding process work? Do traders have to reveal their secret sauce in order to receive funding? Hot Topics in Tech: What is on our radar from a tech perspective? Tech firm creates Trump monitor for stock markets. A London-based Fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on comments made on social media by Donald Trump. Launching an open-outcry trading floor? How very 21st century.Box Options Exchange is building the first new trading floor in Chicago in decades - Boyle expects to attract traders who prefer open outcry for big orders and keep them with a more efficient 21st-century floor model.

Welcome to Part 2 of our conversation with Managed Futures expert and President Mike Harris of Campbell & Company. In this episode we delve into the specifics of Campbell & Company's trading programs, how models are added or removed, and the importance of risk management. This episode also explores the managed futures industry as a whole and is a must-hear for anyone looking to gain knowledge about this strategy.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn This Episode, You'll Learn:About Campbell & Company's trading program.How they create a trading strategy.Why they use a hypothesis driven system to add new models to their programs.About the peer review process they use before adding or subtracting models.When do you remove a model? How do you know when it isn't working anymore?About position sizing and why its important.How they look at risk through something called Vertical Risk and Horizontal risk.Campbell's systematic approach to risk management.How he deals with drawdowns.Why he worries about systemic risk and natural disasters.Why Mike thinks redundancies are so important.The risk of regulation.How these strategies tend to perform when interest rates go up.The trend of the managed futures industry and why it has been dominated by European firms in the past 10 years.What people need to become a successful manager: humility is “at the top of the list.”Books that Mike recommends.What he would do differently if he could talk to his younger self.The importance of managing work and life balance.What the future looks like for Campbell & Company.-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Resources & Links Mentioned in this Episode:Learn more about Baltimore and Johns Hopkins University.Hedge Fund Market Wizards by Jack SchwagerTechnical Analysis of the Futures Markets by John MurphyTrend Following with Managed FuturesFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books

Michael Covel talks with writer and trader Jack Schwager, author of the Market Wizards series, in his third visit to the podcast. Today, Covel and Schwager discuss his newest book, The Little Book of Market Wizards. Schwager also has a new program out called Fund Seeder. Covel and Schwager discuss how Fund Seeder acts as a liaison for traders and investors; the difficulty of starting out as a new trader; how Fund Seeder is a global opportunity; Schwager’s last book, Hedge Fund Market Wizards; the timeless quality of the Market Wizards books; Jesse Livermore’s Reminiscences of a Stock Operator; how human nature is the only thing that will never change; looking for a “secret recipe” in the Market Wizards book; “The Upside of Down: Why Failing Well Is The Key To Success” by Megan McArdle; why failure is smart and an essential part of success; the importance of failure in the context of education; behavioral economics; Jack Horner and thinking outside of the box; the importance of loving what you do for a living; and the importance of travel. More information about Fund Seeder can be found at fundseeder.com. The Little Book of Market Wizards is also available now from all major retailers. Free trend following DVD? Go to trendfollowing.com/win.

My guest today is Jack Schwager, an American trader and author. He is the author of the Market Wizard series. His books have remained relevant over the past 25 years, and for many traders they are the best trading books on the shelves today. The topic is his book Hedge Fund Market Wizards. In this episode of Trend Following Radio we discuss: Some of the commonalities between the many traders Schwager has interviewed, and the lessons that can be gleaned from their diverse approaches Schwager's new book opens with a quote regarding the importance of even-mindedness from rock climber Alex Honnold How topics seemingly unrelated to trading can contain relevant lessons Many of the other traders profiled in Hedge Fund Market Wizards are discussed, including Ed Thorp, Steve Clark, Jaffray Woodriff, and Ray Dalio. Schwager's big takeaways from his interviews have been, and the lessons he's learned from talking to some of the most successful traders in the game How markets behave differently in different environments The importance of asymmetric positive skew trades How diversification is the "only free lunch on wall street" How Schwager defines risk The "gain to pain" ratio Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel talks to writer and trader Jack Schwager, author of the Market Wizards series. Schwager's new book, Hedge Fund Market Wizards, is now out. Covel and Schwager discuss some of the commonalities between the many traders Schwager has interviewed, and the lessons that can be gleaned from their diverse approaches. Schwagger's new book opens with a quote regarding the importance of even-mindedness from rock climber Alex Honnold, and Covel and Schwager discuss how topics seemingly unrelated to trading can contain relevant lessons. Many of the other traders profiled in Hedge Fund Market Wizards are discussed, including Ed Thorp, Steve Clark, Jaffray Woodriff, and Ray Dalio. Covel asks Schwager what his big takeaways from his interviews have been, and the lessons he's learned from talking to some of the most successful traders in the game. Further topics include how markets behave differently in different environments; the importance of asymmetric positive skew trades; how diversification is the "only free lunch on wall street"; how Schwager defines risk; and the "gain to pain" ratio. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.