Mark Ritchie on the Theology Behind His Trading

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 26 February 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

The legendary investor Mark Ritchie walks us through his life, from his early years growing up in Afghanistan to the Chicago Board of Trade to meeting his future wife, and how it all ties into his trading philosophy. He also shares a famous quote — attributed to Mark Twain — that has greatly influenced his life both on and off the trading floor: What are the two most important days in your life? "The day you are born and the day you find out why." Mark joins Maggie Lake for a deep dive into why this quote inspired him, how he learned about the importance of sizing trades, the right time to cut and run, maintaining patience, and much more from his storied trading career. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
0:07.5	to these smartest minds in finance.
0:09.8	Join the Real Vision community and learn how to become a better investor.
0:13.2	Visit RealVision.com slash RVPod and use the promo code Podcast10 to get 10% off our
0:19.4	essential membership for the first year.
0:21.8	Here's what's coming up on this edition of My Life in Four Trains.
0:31.0	It's tough to lose your own money.
0:34.8	I've never been able to make the transition to the toughness of losing other people's money.
0:42.4	But that's a tough thing to do too.
0:45.3	And I just suppose that losing both at the same time may be like a double-lamp.
0:52.7	Buying low and selling high is not just the easiest thing.
0:58.4	It's very difficult and you can make a lot more money cheating.
1:04.7	Bernie made up his with us anymore, but if you could do an interview with him and he was
1:10.2	open, he would say, it was a struggle to make money.
1:15.4	And I am convinced that his two sons made money the honest way, but not as much as eating.
1:21.2	You can make a lot more eating than you can doing it straight.
1:25.9	Hi, everyone.
1:26.9	Welcome to another edition of My Life in Four Traids.
1:29.2	Joining me today is Mark Richie Senior, the founder of Chicago Research and Trading Group.
1:34.8	Enjoy the conversation.
1:39.6	Hi, Mark.
1:40.6	Welcome to My Life in Four Traids.
	...

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