Jack Schwager on Timeless Lessons from Elite Traders
About this episode
Jack Schwager discusses insights from his book on elite traders and their strategies for success.
Jack Schwager joins Excess Returns to discuss Market Wizards: The Next Generation and the extraordinary young traders profiled in the newest installment of the Market Wizards series. He explains how traders turned small accounts into fortunes, survived devastating losses, built exceptional risk-adjusted records and adapted from day trading to longer-term strategies, while revealing the psychology, risk management and commitment behind elite trading performance. Jack Schwager on X https://x.com/jackschwager Market Wizards: The Next Generation https://amzn.to/4psEOmH Topics covered How video games, prop trading firms and modern technology shaped a new generation of traders How Jack Schwager finds candidates and verifies extraordinary trading track records Why return-to-risk measures can reveal more than the Sharpe ratio Lukas Froelich's astonishing 2020 performance and the limits of compounding and scalability Simon Rousseau's journey from a $40,000 borrowed account to nearly $500 million How breaking risk rules led to massive losses even after extraordinary success Kristjan Kullamägi's path from security guard to more than $100 million after repeated account blowups Phil…
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