The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Jack Schwager is The Navigator by accumulation rather than decree. Across decades writing Market Wizards and building Fund Seeder, he has charted the hidden topography of elite trading by synthesizing patterns from hundreds of master practitioners instead of imposing a single route.
“Pretty A lot of traders who follow him. Yeah. So, Pete, not that I meant to say not that he's a mentor, but he and I are very similar in the type of approach. I mean, we may not look at the chart and get the same opinion sometimes, yes, sometimes no.”
“There's quite a few. I mean, that would certainly be one of them for sure. Yeah. And now Dennis ultimately went on to manage money. That didn't work out so well. He did much better if it was own money. And he started, blew out. In fact, he got stuck in the big thing that hurt Dennis was.”
“It shows up in the price That's a key thing that the technicals aren't some mysterious thing. They are the reflection of all the participants in the market. So they do reflect fundamentals.”
“When? Yeah, and that's a good way to do it. And you could use fundamentals of that. You can say, you can say, well, yeah, and if you're a good fundamental analyst, you can say, well, this market should go up over time. I want to look for only buy trade. That's a good use of fundamentals.”
Masters in Business: “Jack Schwager on the Glory Days of Trading (Podcast)”
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