078: Jack Schwager – The Making of Market Wizards, and Wisdom From Elite Traders
Chat With Traders
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What Is Fun Seeder?
I think money management is very simple conceptually, but it goes counter to the human nature we talked about. Most traders only learn about that because they take early losses and so I think you almost need the market to teach you that lesson in many cases. There are a few traders that probably come in with that skill from the beginning, but a lot of traders had to learn it and that's a difficult thing to learn. To just develop a methodology that works, that can take years for people to actually end up with an approach that has an edge which may be quite different than what they start out with. Yeah. I like that answer and I really like that quote as well that you shared
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