Ray Dalio is one of the world’s most known investors. Who is he? How does Ray Dalio invest? What is his famous All-Weather Portfolio? What are Ray Dalio’s investment strategies? These are some of the answers we answer in this article. At the end of the article, we have collected and assembled many quotes taken…
Rory Sutherland Alchemy Summary. The models that dominate all human decision-making today are duly heavy on simplistic logic, and light on magic – a spreadsheet leaves no room for miracles. But what if this approach is wrong? What if, in our quest to recreate the certainty of the laws of physics, we are now too…
Mark Spitznagel, Safe Haven – Investing For Financial Storms: What role can risk-mitigating and defensive assets play in a portfolio? Do we use them only to seek shelter until the passing of financial storms? Contrary to what we learn at schools and universities, can higher returns actually come as a result of lowering risk? In…
Bill Ackman is a well-known US investor. Who is he? How does Bill Ackman invest? What are Bill Ackman’s investment strategies and philosophy? These are some of the answers we try to answer in this article. At the end of the article, we have collected many quotes taken from his books and writings (quarterly letters)….
David Einhorn is a well-known US investor. Who is he? How does David Einhorn invest? Does he have any particular investment strategy or philosophy? These are some of the answers we answer in this article. At the end of the article, we have collected many quotes taken from his books and writings (quarterly letters). Einhorn…
How I made $2,000,000 In The Stock Market by Nicolas Darvas was one of the first trading books I ever bought back in April 1999. It’s a classic, especially the Box Thory, and it’s about Darvas’ trading and investing back in the 1950s and 60s. What is Nicolas Darvas Box Theory? But don’t let the…
How I Trade For A Living by Gary Smith was (and still is) a popular trading book. We bought the book just days after it was published in 1999, in the midst of the dot com frenzy, and we have reread it at least a couple of times. We regard How I Trade For A…
“Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.” This quote by George Soros captures his primary trading strategy. George Soros’ approach to trading is as a short-term speculator, making highly-leveraged bets on the direction of the financial markets based on…
How to overcome fear of loss in trading is for many a huge obstacle that is hard to overcome. Fear in moderate doses is healthy, but it might also limit your trading if fear overtakes control of your decisions. Fear is good if it makes you avoid the risk of ruin, but if you have…
I was recommended by my partner Hakan to read Pit Bull by Marty Schwartz when we were on a two-month proprietary trading course in Phoenix, Arizona, back in 2003. Pit Bull is entertaining, a relatively quick read, and perfect for a holiday or evening read. It is foremost a personal autobiography about what makes Schwartz…
We have compiled a list of the 50 best trading quotes to help you get started or help you get motivated. Perhaps better, we have a pretty comprehensive article list of the many famous traders and investors. They are a great resource for motivation! Famous traders and investors: Top motivational trading quotes How Jim Simons’…
In 2009 Atul Gawande, a professor of surgery, published a book called The Checklist Manifesto – How To Get Things Right. The book is a good read and is relevant for most professions, not to mention what we do in our private lives. Why? Because in a complicated world, it’s easy to make mistakes by…
In life, one of the best ways to master any skill or succeed in a profession is to learn from those who have already succeeded in that profession. This also applies in trading. To become a successful trader, you need to learn from the experiences of those who have mastered the game. Interestingly, those legendary…
In the stock market, and especially in trading, it’s easy to fool yourself. The famous scientist Richard Feynman once said that the first principle is that you must not fool yourself and you are the easiest person to fool. Trading involves decision-making all day long, and decision-making ends with a good or bad outcome. Unfortunately,…
We believe the best way to learn to trade is by backtesting and trial and error, but you can get valuable input from traders who have been successful. This post is a collection of some of the top motivational trading quotes we have collected during the last 20 years. The post is a work in…
Richard Dennis is one of the world’s most famous traders, mostly because of the Turtle Experiment. In this article, we look at Dennis’ life and trading career, and additionally, we explain what the Turtle Experiment was. We end the article by listing a few of the trading lessons and quotes from Richard Dennis. Dennis was…
Randy McKay is an American investor with a record 20-year consistent profits — he started from a few thousand and traded that to tens of millions of dollars. Despite his trading records, he is probably most known for being interviewed in Jack Schwager’s New Market Wizards, published as long back as 1992. Still, trading wisdom…
Michael Masters is an Atlanta-based fund manager. This article looks briefly at Micheal Masters’ early life and his trading career. We end the article by some quotes from his interview in Jack Schwager’s Stock Market Wizard. The 50 best trading quotes Micheal Masters’ trading career: He first got interested in the financial markets in the…
Monroe Trout is an American investor and hedge fund manager. He was interviewed in the New Market Wizards by Jack Schwager. This article looks briefly at Monroe Trout’s early life and his life as a trader. We end the article by listing a few trading quotes from his interview in New Market Wizards. The 50…
Morgan Housel has written a short and powerful book about personal finance called The Psychology Of Money – Timeless Lessons On Wealth, Greed, And Happiness. The book might not be related to trading, but personal finance should be a topic of interest for anyone regardless of the profession. Morgan Housel’s book is minimalistic, but if…
Micheal Lauer reluctantly said yes to be interviewed in Jack Schwager’s Stock Market Wizards. Why? Because he didn’t feel he deserved it because his track record was only seven years. However, in those seven years, he managed 72% annual returns after all fees with a low drawdown. Unfortunately, his track record ends just after the…
Mark Ritchie is an American investor with over twenty years of experience in the financial industry. He was a Chicago Board of Trade and Chicago Mercantile Exchange Commodities trader. He was one of the original co-founders of Chicago Research and Trading (CRT) — which was once the largest option firm in the industry. Mark Ritchie…
Mark D. Cook is an American trader and investor. but is mostly famous for being interviewed in Jack Schwager’s Stock Market Wizards. He worked from his family’s 1870s farmhouse located in East Sparta, Ohio, where he manages his own account. Mark has more than three decades of experience trading the market. He offered advisory services,…
Mark Minervini is an acclaimed author, technical analyst, instructor, independent trader, and the Founder of Quantech Fund, LP. He has more than three decades of experience in finance and was featured in Jack Schwager’s Stock Market Wizards; conversations with American top stock traders. The 50 best trading quotes Mark Minervini’s trading career: Mark’s interest in…
Jeffrey Yass is an American options trader that co-founded the Philadelphia-based Susquehanna International Group (SIG). He has a staggering net worth of 12 billion dollars, as of 2022. The 50 best trading quotes Jeffrey Yass’ trading career and life: Jeffrey Yass was born in 1956 in the Bronx and raised in Bayside, Queens. Being the…
Joe Ritchie was an American investor and Options and Commodities trader that passed away in 2022. He founded Chicago Research and Trading (CRT), a quantitative investment firm, in 1977 and served as the head of Fox Rivers Partners. He later went on to sell CRT in 1993. The 50 best trading quotes Joe Ritchie’s life:…
This article looks at Howard Seidler, one of the traders that were taught by Richard Dennis in the famous Turtle Traders Experiment in the 1980s. Dennis argued you could teach a group of people who knew nothing about trading to get great results as long as they followed his own trend-following trading systems. Seidler was…
David Shaw, the King of Quant, was one of the objects interviewed in Jack Schwager’s Stock Market Wizards. How did he make it into the book? Because of his superb annual returns. Schwager’s book is a bit old, published in 2001, but since D.E. Shaw’s flagship fund inception in 1988, it managed 22% annual returns…
William Eckhardt is an American investor, commodities and futures trader, and fund manager. Eckhardt was one of the pioneers of quantified and mathematical trading and used some of the theories that later were popularized by Nassim Nicholas Taleb. William Eckhardt was interviewed by Jack Schwager in New Market Wizards. Eckhardt is also known for taking…
Ahmet Okumus is a money manager. He began trading in 1992 with $15,000 from his mother. And by 2000, he had turned that into $6 million, that’s an average annual return of 107%. He founded his hedge fund — the Okumus Opportunity Fund, in 1997. This article looks very briefly at the life and trading…
Blair Hull is an American businessman, investor, Democratic politician, and philanthropist. He was interviewed in Jack Schwager’s New Market Wizards, and most of the info in this article is taken from that interview. Jack Schwager’s Market Wizard series is fantastic for motivational reading about trading. This article looks at the trading career of Blair Hull,…
Claudio Guazzoni was interviewed by Jack Schwager in Stock Market Wizards. The reason for his inclusion in the book was his track record of 37% over a five-year period without a losing month. Claudio Guazzoni is the founder and CEO of Zanett Asset Management. He is also the co-founder of Stably Blockchain Labs, although he…
Charles Faulkner is an American life coach and motivational speaker who is a practitioner of neuro-linguistic programming. Faulkner is known for his work with futures traders and his research on the role of “metaphor” in communication and behavior. However, Charles Faulkner was (is?) a good trader and he was interviewed by Jack Schwager in New…
Steve Lescarbeau is a mutual fund trader. Jack Schwager’s interview with Gil Blake in the New Market Wizards inspired him to try out the mutual fund timing approach – holding his equity positions while they are gaining and switching to money market funds to avoid downside risks when the equity market is about to crash….
Gil Blake is an American investor and fund manager and is perhaps most famous for being interviewed in Jack Schwager’s New Market Wizards. By the time of the interview, Gil Blake had an amazing win rate of 134 months out of the last 139 months. Because of this, Schwager called Blake the Master of consistency….
