Ep. 921: Jack Schwager Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 20 November 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
My guest today is Jack D. Schwager, a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Previous books in the series include: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His most recent book, the revised edition of A Complete Guide to the Futures Markets, was published in January 2017. His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96). He is also a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com).
The topic is his book Unknown Market Wizards: The best traders you've never heard of.
In this episode of Trend Following Radio we discuss:
- Jack Schwager Books
- Market Wizards Book
- The Unicorn Sniper
- He's his own worst enemy – Peter Brandt
- Trading for Women
- Penny Stocks
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is trend following radio where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.3 | My guest today is no stranger to this show. |
| 0:37.3 | He is one of those voices that helped me to launch this show. |
| 0:42.1 | Even if it was not intentional, he gave me his time. |
| 0:46.4 | He allowed me to ask him questions. |
| 0:48.6 | He gave great answers. |
| 0:50.5 | My guest today is Jack Swager. |
| 0:52.3 | He is the author of Market Wizards. New Market Wizards, Hedge Fund Market Wizards, Stock |
| 0:58.6 | Market Wizards. |
| 1:00.3 | And today, unknown market wizards. |
| 1:04.2 | The cool thing about Jack, even though you may have read all of those other titles, and I have, this new one, |
| 1:14.6 | fits like a glove. It's a natural extension. It's fresh. It's interesting. It makes you go, |
| 1:23.5 | wow, what is going on? How did I not know about this? Yeah, in 2020, after all of these years, |
| 1:33.2 | Jack has the ability with the pen and the interview to make you take notice. Now, that's damn cool. |
| 1:41.6 | Without any further delay, let's jump right in and talk a little unknown market wizards |
| 1:46.0 | with Jack Swager. |
| 1:59.2 | Jack, there's a couple big picture things I want to talk about out of the gate before we |
| 2:03.4 | dive into your newest work. Things about you, your writing style, how you create your books. |
| 2:09.1 | I know from experience, having gone through your books, that the people, the traders that are |
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