

Timeless Lessons from History's Best Traders | Jack Schwager
37 snips Jan 30, 2025
In a captivating discussion, veteran trader and author Jack Schwager shares insights drawn from his interactions with the world's top traders, including legends like George Soros. Schwager highlights the unchanging nature of trading psychology and the essential role of risk management. He emphasizes the difference between true risk and volatility, drawing from notable events like the 2008 financial crisis. Schwager also previews his upcoming book, promising to deliver timeless lessons for both new and seasoned traders.
AI Snips
Chapters
Books
Transcript
Episode notes
Schwager's First Job
- Jack Schwager's first market analyst job was a lucky break, replacing Michael Marcus.
- Marcus later became a successful trader, turning $30,000 into $80 million.
Passion and Skill
- Combine passion with skill to find a fulfilling career path.
- Schwager realized his strength was writing, not trading.
Writing 'Futures Markets'
- Schwager wrote "A Complete Guide to the Futures Markets" to fill a gap he saw.
- He prioritized comprehensiveness over sales, even adding six chapters on regression analysis.