The Secrets of "Unknown Market Wizards"
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.