Ep. 76: Jack Schwager Interview with Michael Covel on Trend Following Radio

My guest today is Jack Schwager, a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Schwager is one of the founders of Fund Seeder, a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital. Previously, Schwager was a partner in the Fortune Group (2001-2010), a London-based hedge fund advisory firm. 

The topic is his book Market Sense and Nonsense: How the Markets Really Work (and How They Don't).

In this episode of Trend Following Radio we discuss:

  • How Schwager was able to make "Market Sense and Nonsense" accessible to both professionals and laymen and touch on some of the subjects contained within: market fallacies and misconceptions
  • The idea of cable news "experts", and what would happen if you actually followed all of the picks made by people like Jim Cramer and other talking heads
  • Comparing performance streams against each other, and why you have to consider more than just the number
  • Volatility vs. risk
  • If coming to a good risk adjusted return is based more on a scientific approach or personal preference
  • Leveraged ETFs
  • The fear of hedge funds
  • The idea of leverage and why much of "Market Sense and Nonsense" was built around trying to understand it
  • Why fund-to-fund managers putting a large group of trend following traders together in one portfolio might not be a wise move
  • Presidential election and discuss why whoever is selected to be the next president might not make much of a difference in the markets

Jump in!

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Iā€™m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and Iā€™m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? Iā€™d like to give you a great piece of advice you can use in your life and trading journeyā€¦ cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Canā€™t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

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Hope you enjoy my never-ending podcast conversation!