Market Wizards author Jack Schwager returns for another fascinating conversation about trading psychology, risk management, and lessons learned from interviewing the world's top traders. In this wide-ranging discussion, Schwager shares stories from his early career as a market analyst in the 1970s, his transition to writing the influential Market Wizards series, and his personal journey understanding that his talents lay in analyzing and writing about trading rather than trading itself.
Key highlights include:
The origin story of how Schwager landed his first job and serendipitously replaced Michael Marcus
Critical insights about the unchanging nature of human psychology in markets despite technological evolution
Why risk management principles remain constant even as trading strategies evolve
Fascinating stories about legendary traders like George Soros, Stanley Druckenmiller, and Ed Thorp
The important distinction between volatility and true risk in markets
A preview of Schwager's upcoming book project with co-author George Coyle
Whether you're a veteran trader or new to markets, this conversation offers timeless wisdom about successful trading, the entrepreneurial mindset required to succeed, and the importance of understanding your own strengths and limitations.
Watch for Jack's memorable explanation of Bruce Kovner's famous advice: "Know where you're getting out before you get in."
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