The Secrets of “Unknown Market Wizards”

Published on
November 6th, 2020
Duration
54 minutes


The Secrets of “Unknown Market Wizards”

The Interview ·
Featuring Jack Schwager and Moritz Seibert

Published on: November 6th, 2020 • Duration: 54 minutes

Jack Schwager, co-founder of FundSeeder and author of the "Market Wizards" series, joins Moritz Seibert, CEO and CIO of Munich Re Investment Partners, to give a glimpse into the heads of the world’s best investors. Through the lens of his latest book, "Unknown Market Wizards: The Best Traders You’ve Never Heard Of," Schwager finds his latest batch of extraordinarily successful traders and breaks down their philosophies for identifying opportunities, frameworks for managing risk, and the psychological fortitude required to manage the swings. Filmed on October 29, 2020. Key learnings: Know yourself - successful traders must first identify their edge before they can capitalize on it. Time horizons matter, and keep in mind that what is a "good trade" for someone else may not be good for you if your time horizon is different. And above all else, beware of the “revenge trade" by never chasing your losses.

Comments

Transcript

  • FC
    Frank C. | Contributor
    10 November 2020 @ 19:26
    Loving the new book!
  • af
    alex f.
    9 November 2020 @ 22:41
    great interview, enjoyed the fireside style of chat, lots of great annecdotes, without it being a totally scripted and glossy style. Thanks, very interesting and enjoyable to listen to both the interviewer and Jack.
  • AJ
    Angus J.
    9 November 2020 @ 00:14
    Fantastic interview. I read the book when it was published and I feel that Schwager's work is getting better and better. He must have the greatest repository of trading interviews and lessons of anyone in the business. The point in the interview about the pursuit of trading asymmetry verses idea generation are exceptionally important. From the comments below I think people should understand that the edge of ideas (P) is different to the edge of trading (B). Focus on B then P then N.
  • JH
    Jim H.
    8 November 2020 @ 18:05
    Outstanding interview. Love to see jack do a series of interviews w the subject of each chapter.
  • RJ
    Raoul J.
    8 November 2020 @ 14:05
    Terrible
  • MK
    Magnus K.
    8 November 2020 @ 11:59
    Why can I no longer access the captions/subtitles despite clicking on the cc box on the screen?
  • JH
    Joe H.
    7 November 2020 @ 23:54
    Test
  • MD
    Matt D.
    7 November 2020 @ 23:21
    Thanks - enjoyed this. I thought it was interesting - a mixed bag of comments below. The fact that there are not many "wizards" though would make me wonder about some (of the comments). ??
  • TC
    Thomas C.
    7 November 2020 @ 00:58
    Nothing new here same old idoms. Neither are traders and it shows. Poor questions poor answers. Interviewer should ask good questions and not bother trying to impress by endless be talk
  • SS
    Shanthi S.
    7 November 2020 @ 00:20
    This was fun. Loved the tidbits of trader anecdotes. Please don't cave to the social milleue and do the painfully boring "diversitocracy" version of Market Wizards. I want to admire and learn from the best, not the most brown or most female or most LGBTI traders. Nothing could be more boring or patronising to anyone with an ounce of self respect.
  • SB
    Stephane B.
    6 November 2020 @ 20:52
    The interviewer didn't even read the book in its entirety
  • SD
    Seth D.
    6 November 2020 @ 17:00
    Great stuff! I always enjoy hearing Mr. Schwager and very cool to hear he found a few of the featured traders via Fundseeder. Hope to see more of Moritz in the future as well!
  • MS
    Marty S.
    6 November 2020 @ 14:36
    Author was not well prepared. Couldn't recall many important facts like returns, drawdowns etc....disappointing.
  • HC
    Hao C.
    6 November 2020 @ 14:24
    This is the only video I’ve ever downvoted on RV. There was no value at all except to sell this guys book. And he didn’t even sell it well.
  • HS
    Hubert S.
    6 November 2020 @ 13:20
    Somewhat disappointing; interviewer not well prepared in my view. Reading his 4 former books, one (=even I) could have come up with 3-5 more interesting questions
  • AH
    Andreas H.
    6 November 2020 @ 10:05
    Just ordered the book :-), very good interview!