Where Are All the New Market Wizards

easymon1 said:
widespread freely available information cut the 'edge' formerly bogarted by the 'wizards' who may well be gifted but would have a hell of a time competing to the extent that was formerly afforded prior to the more level playing field of today.
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very true

but it only means that more people are turning traders thinking they have a level playing field and these romantics provide the edge for the predator who lie hidden waiting for their blissful prey !
 
I think it’s prob bc Schwager used to work for Commodities Corp in the 1980s and so he gravitated to interviewing the ppl in that network, eg Michael Marcus, Bruce Kovner, PTJ etc

Maybe after his books became widely read, he had access to a few more, but he didnt seem to have given much attention to
a) Traders outside the US
b) Traders outside East Coast institutional funds running OPM at scale

I mean, with all the Russian math comp sci whizzes out there, or the Asia/EMEA crypto junkies, gotta be some insane outliers somewhere, kinda like Olympics vs US championships

Also just wish he managed to cover George Soros though, i remember reading somewhere he couldn’t get thru even though he tried. I always thought alchemy of finance was a bit vague in terms of explaining the actual approach
 
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