Marty Schwartz Jack Schwager’s “Market Wizards” Discussion in Amherst
Source: http://www.youtube.com/watch?v=CkDZbGVR7Y8#action=share
Reminiscences of a Stock Operator by Edwin Lefèvre and Roger Lowenstein is one of the most powerful investment books every written. Many people believe the book outlines the story of Jesse Livermore, one of the most famous stock market operators in history. The book contains a wealth of wisdom and prescient information that has stood the test of time. Many of the concepts are applicable today! Over the next few weeks, I will break down much of that “market wisdom” into a series of easy to digest blog posts.
“Top Down Trading” (TDT) was Jesse Livermore’s unique trading system which outlines how one of the world’s most famous speculators read the tape. Livermore emphasized the importance of keeping things simple by remaining as objective and unbiased as possible.
Join Our Newsletter & Get Powerful Ideas Delivered To Your Inbox 1. Christian Siva-Jothy On Idea Generation No one gets paid for originality – you get paid for making money. I am happy to take other people’s good ideas and run with them, as long as I understand exactly why I am in the trade….
Power Follows Wealth: Many years ago, Legendary Investor Jim Rogers told me that Power follows Wealth. A brief look at history confirms his thesis. We all know that empires were built when massive fortunes were accumulated and eventually collapsed when their inevitable economic dominance ended. Over time, capital begins to…
Join Our Free Newsletter Who is Stanley Druckenmiller? Here is what hedge fund manager Scott Bessent says about Druckenmiller in the book “Inside the House of Money’ Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it…
Learn How to Navigate The Stock Market “Never argue with the tape and always keep your losses small.”- -Adam Sarhan “Trade wisely” -Adam Sarhan “The market is just a reflection of collective psychology.” -Adam Sarhan “Time is the friend of a successful investor and the enemy of lousy investor.” -Adam Sarhan “There is always that one person…