Many of you, unless you are into reading about investment management, have likely never heard of Jack Schwager author of the Market Wizards series of books. In his books, Schwager interviews some of the most legendary investors of our time.
During each interview, Schwager tries to get at the heart of what has made that trader successful. While there is no holy grail to investing, Schwager finds varying insights and strategies that in some cases are opposite but have led traders onto individual success. The point is that there is more than one way to make money investing but that there are some key principles that bind successful investment managers together which include the following;
Within my own investment process that I put to work at TAMMA, I have developed my key investment principles many of which were also critical to the success of individual investors within Schwager’s series of books;
And finally, here are some of the lasting quotes from Schwager’s Market Wizard book;