Michael Covel talks with writer and trader Jack Schwager, author of the Market Wizards series, in his third visit to the podcast. Today, Covel and Schwager discuss his newest book, The Little Book of Market Wizards. Schwager also has a new program out called Fund Seeder. Covel and Schwager discuss how Fund Seeder acts as a liaison for traders and investors; the difficulty of starting out as a new trader; how Fund Seeder is a global opportunity; Schwager’s last book, Hedge Fund Market Wizards; the timeless quality of the Market Wizards books; Jesse Livermore’s Reminiscences of a Stock Operator; how human nature is the only thing that will never change; looking for a “secret recipe” in the Market Wizards book; “The Upside of Down: Why Failing Well Is The Key To Success” by Megan McArdle; why failure is smart and an essential part of success; the importance of failure in the context of education; behavioral economics; Jack Horner and thinking outside of the box; the importance of loving what you do for a living; and the importance of travel. More information about Fund Seeder can be found at fundseeder.com. The Little Book of Market Wizards is also available now from all major retailers.
Michael Covel talks with Bobby Casey on today’s podcast. Casey and Covel met in October 2013 in Singapore. Covel quickly realized he had to have him on the podcast for Casey’s travel perspective alone. As an American expat who has moved and lives in Latvia, and who helps others relocate to many different countries, Casey and Covel discuss location independence and ultimately changing your lifestyle into a traveling way. The two discuss how Casey found his way to Latvia; travel in general; some of the issues you may encounter during travel; Lithuania; holding dual citizenship; and the advantages to having a passport from another country. Today, nothing is guaranteed. You must be adaptive. And that may just mean your country will adapt too. Nice perspective and inspiration from Casey.