TIP 086 : Part II - Jack Schwager & Stock Market Wizards (Investment Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 15 May 2016

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: Why you should always decide what your exit criteria is before you get into a security. How to use fundamentals in trading. How to optimally measure the performance of your portfolio. Why traders in particular might want to use daily data to evaluate their strategy. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Jack’s Company: Fundseeder.com. Jack Schwager’s book: Market Wizards – Read Review of this book. Jack Schwager’s book: Hedge Fund Market Wizards – Read Review of this book. Jack Schwager’s book: The Little Book of Market Wizards – Read Review of this book. Jack Schwager’s book: The New Market Wizards – Read Review of this book. Jack Schwager’s book: Market Sense and Nonsense – Read Review of this book. The Investor’s Podcast episode of Jack’s book: Episode 37 – Hedge Fund Market Wizards. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0	We study billionaires and this is episode 86 of the Masters Podcast.
0:04.8	Broadcasting from Bel Air, Maryland.
0:08.3	This is the Investors Podcast.
0:12.0	They'll read the books and summarize the lessons.
0:16.3	They'll test the waters, tell you what it's called.
0:19.3	They'll give you actionable investing strategies.
0:22.6	Your host, Preston Pish and Sting Broderson.
0:26.2	Hey, how's everybody doing out there?
0:30.6	This is Preston Pish and I'm your host for the Investors Podcast and is usually one
0:34.1	of the company by my co-host Sting Broderson, Alan Denmark.
0:37.6	In this episode, we continue our discussion with the best selling author of the Hits
0:41.2	Fund with the Book Series Jack Swager and I'll kick it off with the first question.
0:46.4	So one of the critiques that value investors often have about traders are that how can
0:51.8	they use fundamentals?
0:54.1	There might be intraday traders, so that might do it as you say, like 500 trades a day.
0:58.2	I also know that when you are a trader, you can actually look at real fundamentals that
1:03.7	might change within a day, within an hour and still make rational trading decisions.
1:09.0	So could you please provide some examples of how traders use fundamentals?
1:13.5	Sure.
1:14.5	Well, and I put this in some of my add-on, you know, my trading books that I write for myself,
1:19.1	not just the books I've interviewed people.
1:21.4	And it comes into the market with the books as well.
	...

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