JD

Jack D. Schwager

19quotes

Jack D. Schwager


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Full Name and Common Aliases


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Jack David Schwager is a renowned American market wizard, money manager, and author.

Birth and Death Dates


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Born: October 30, 1945

No information is available on his death date.

Nationality and Profession(s)


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Schwager's nationality is American. He has worked as a trader, portfolio manager, and author throughout his career.

Early Life and Background


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Jack D. Schwager was born in the United States to a family that valued education and entrepreneurship. His father was an engineer, which likely influenced Schwager's analytical nature. Schwager developed an interest in finance at an early age, starting with reading about investing and trading. He attended high school in Ohio before pursuing higher education.

Schwager graduated from Stanford University with a degree in Economics and later earned his MBA from the Harvard Business School. After completing his graduate studies, he started working as a stockbroker on Wall Street. In 1973, Schwager joined the commodities department of Merrill Lynch, where he worked for about three years before joining a hedge fund.

Major Accomplishments


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Schwager is best known for writing several books on trading and investing. His most notable works include:

"A Complete Guide to the Futures Market" (1984)
 "The New Trading for a Living: Plunge Into the World of Hedge Funds, Stocks, Forex, Options, Futures and More" (1999)
"Market Wizards: Interviews with Top Traders" (1989)

Notable Works or Actions


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Schwager's work on "Market Wizards" revolutionized the way people understand trading and investing. The book features interviews with some of the most successful traders in history, including Richard Dennis, Michel Marcus, and Paul Tudor Jones.

He has also written extensively about the importance of discipline, emotional control, and risk management for successful trading.

Impact and Legacy


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Schwager's influence on the world of finance is undeniable. His books have sold millions of copies worldwide, making him one of the most widely read authors in the industry. Many aspiring traders and investors have credited his work with helping them develop their skills and strategies.

Schwager's legacy extends beyond his written works. He has also been a sought-after speaker and educator, sharing his insights on trading and investing through seminars and workshops.

Why They Are Widely Quoted or Remembered


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Jack D. Schwager is widely quoted or remembered for several reasons:

Insightful perspectives: His books offer in-depth insights into the world of finance, making him a valuable resource for traders and investors.
Authoritative voice: Schwager's expertise and experience give his opinions significant weight in the industry.
 Influence on trading culture: His work has shaped the way people approach trading and investing, making him an integral part of the financial community.

Overall, Jack D. Schwager is a highly respected figure in the world of finance, known for his contributions to the field through his writing and educational efforts.

Quotes by Jack D. Schwager

Charting is a little like surfing. You don’t have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it’s happening and then have the drive to act at the right time.
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Charting is a little like surfing. You don’t have to know a lot about the physics of tides, resonance, and fluid dynamics in order to catch a good wave. You just have to be able to sense when it’s happening and then have the drive to act at the right time.
JD
It is impossible to consistently outperform the market by using any information that the market already knows.
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It is impossible to consistently outperform the market by using any information that the market already knows.
JD
When I see a picture like the 1861 cotton market, I ask myself, “What caused that? Why did that happen?” Then I try to figure it out. From that, you learn an enormous amount. In.
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When I see a picture like the 1861 cotton market, I ask myself, “What caused that? Why did that happen?” Then I try to figure it out. From that, you learn an enormous amount. In.
JD
Either go at it full force or don’t go at it at all. Don’t dabble.
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Either go at it full force or don’t go at it at all. Don’t dabble.
JD
Can you give me an example of how the lack of real world experience would hurt the researcher?
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Can you give me an example of how the lack of real world experience would hurt the researcher?
JD
One of my rules was to get out when the volatility and the momentum became absolutely insane.
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One of my rules was to get out when the volatility and the momentum became absolutely insane.
JD
Make the calls. Maybe they won’t talk to you, but I guarantee that if you don’t call, they won’t talk to you.
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Make the calls. Maybe they won’t talk to you, but I guarantee that if you don’t call, they won’t talk to you.
JD
Actually, the best traders have no ego.
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Actually, the best traders have no ego.
JD
You just stay focused on what you have to do. Exactly.
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You just stay focused on what you have to do. Exactly.
JD
You don’t want to have a position before a move has started. You want to wait until the move is already under way before you get into the market.
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You don’t want to have a position before a move has started. You want to wait until the move is already under way before you get into the market.
JD
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