Lessons From the Market's Biggest Wizards (with Jack Schwager)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 4 November 2020

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

What can we learn from market wizards, the name Jack Schwager gives to traders who routinely beat the index? Even if you aren't trying to trade the market, but instead want to just be competent, you can learn a ton. Jack Schwager has studied the best and brightest in the industry for years and today we talk to him about patience, discipline, love of the game, and more. You can use ALL of these ideas to be a better investor, even if, like most of us, you're a member of the buy-and-hold tribe.

Plus, in our headlines segment, how hard is it to get your will done? Our engineer extraordinaire, Steve Stewart, just finished his. Joe and OG ask him about how and why he completed his plan, and how difficult it was. We'll also throw out the Haven Life line to Peter, who wonders about his investment strategy, and of course, we save time for Doug's amazing, post-election trivia. Enjoy!

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Transcript

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0:00.0	Hey, this is Jen Pilcher, Navy spouse of 23 years.
0:04.2	And when I'm not helping military spouses connect in our digital community, I'm stacking
0:09.3	Benjamins.
0:15.0	Live from Joe's mom's basement, it's the Stacking Benjamin show.
0:20.2	Oh, no! mom's basement. It's the Stacking Benjamin show.
0:34.6	I'm Joe's mom's neighbor, Doug, and today should be a sad day here in the basement because turns out my people didn't get the vote out. I blame Todd, by the way.
0:41.1	Well, I'm not your president, but I do have a great consolation prize. On today's show,
0:46.4	we welcome the man behind the Market Wizard series of books, Jack Schweger. Ever wonder how the best
0:54.1	traders do it?
0:55.1	You'll find out today.
0:57.2	Plus, another price hike from Netflix?
0:59.8	We'll share more bad news during our headline segment.
1:03.6	And don't worry, we'll still toss out the Haven Lifeline to Peter, who has a question
1:08.6	about accessing retirement funds because of COVID impacts.
1:12.7	Of course, I'll give you the real deal on the election and some of my astonishing trivia.
1:20.4	And now, two guys who are helping console me from this unfair election result, It's Joe and oh,
1:28.8	J-J-J-J-J-J-J-J-J-G.
1:37.4	Do you want to tell him he might not have been ripped off?
1:40.1	Doesn't he have a constitutional right to ask for a recount?
1:43.7	Do you have to get a certain percentage? How many hanging chads did he get? That's what I want to know. I believe there were 30 million hanging chads. We would need probably like 45 million, right? Is that kind of the number, give or take? It's kind of like the 50-50 number. Yeah, yeah. It'd still be short. So welcome to the show that probably is a hanging chat itself.
2:03.0	Stacking Benjamin's, it's Wednesday, post-election Wednesday.
2:07.1	And if you're here like we are just to get away from election mania, welcome to the party,
	...

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