Bruce Kovner: The Billionaire Trend Follower
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In the second Market Wizards book, Schwager interviews traders such as Marty Schwartz, known for his expertise in technical analysis, and Bruce Kovner, who is one of the most successful trend-following traders of all time.
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In his interview, Schwartz emphasizes the importance of understanding market psychology and being able to read market indicators (not really my cup of tea because it's not repeatable, and therefore not science).
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Kovner, on the other hand, talks about the importance of managing risk and keeping emotions in check. He was quite lucky right out of the gate, but nearly blew up on a soybean trade.
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One of the things that makes the Market Wizards books so valuable is the fact that they offer a range of perspectives on trading.
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By examining the strategies and techniques of traders from different backgrounds and with different approaches to trading, readers can gain a broader understanding of the markets and what it takes to succeed.
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The Market Wizards series of books by Jack Schwager is an invaluable resource for anyone who is serious about trading. By examining the strategies and techniques of some of the most successful traders of our time, Schwager provides readers with insights and lessons that can be applied to their own trading.
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Whether you are a beginner or an experienced trader, the Market Wizards books are an essential read, and can help you to take your trading to the next level. I've made a list of traders that were interviewed in four of his books at this end of this newsletter. Jack Schwager is also the co-founder of Fundseeder where they match investment money with breakout traders.
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Longtime Portfolio Boss member Josh Jarrett has been tearing it up over there, placing in what looks to be the Top 5 out of tens of thousands.
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Here's his audited performance: |
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