29 Sep 2025

Market Wizards, Measured: Inside the Criteria, Craft, and Grit · Jack Schwager and Emanuel Balarie

Chat With Traders

Jack Schwager, author of the *Market Wizards* series, and Emanuel Balarie, co-founder of Fundseeder, explore identifying and cultivating top trading talent. Schwager details the criteria for his *Market Wizards* books, emphasizing consistent performance over a long track record or turning a small amount of capital into a large fortune. He highlights the necessity of constant adaptation in trading strategies, as market dynamics inevitably shift. Balarie introduces Fundseeder, a platform designed to discover and support talented traders globally by providing analytics, mentorship, and infrastructure. They discuss the Fundseeder Rise accelerator program, which aims to equip emerging managers with the resources to compete with established hedge funds, emphasizing the importance of a business-oriented mindset for scaling trading operations.

Outlines

Part 1: Defining Market Wizards

Part 2: Psychology and Risk Management

Part 3: Strategy and Market Dynamics

Part 4: The Fundseeder Ecosystem

Part 5: Scaling and Institutional Growth

Part 6: Conclusion and Call to Action

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Preview

How to Get Rich: Every EpisodeNaval

Market Wizards, Measured: Inside the Criteria, Craft, and Grit · Jack Schwager and Emanuel Balarie

Chat With Traders

Part 1: Defining Market Wizards

Defining Exceptional Trading Performance: High Returns vs. Consistent Risk Management

Fundseeder's Accelerator: Providing Infrastructure for Talented Traders Globally

Fundseeder: A Platform for Risk-Averse Traders to Manage Capital

Market Wizards Criteria: Performance, Track Record, and Longevity

Part 2: Psychology and Risk Management

Human Nature, Position Sizing, and Risk Management in Trading

Trading as an Obsession: Devotion, Analysis, and Hard Work

Part 3: Strategy and Market Dynamics

Adapting to Changing Markets: The Constant Evolution of Trading Strategies

Market Inefficiencies: Exploiting Patterns and Adapting to Their Disappearance

Trend Following: From Simple Strategies to Complex Whipsaw Actions

Fundamentals vs. Risk Management: The Paradox of Adding to Losing Positions

Timing Challenges in Fundamental Analysis and Contrarian Indicators

The Importance of Predefined Exit Points for Objective Risk Management

Part 4: The Fundseeder Ecosystem

Fundseeder's Origins: Discovering and Supporting Undiscovered Trading Talent

Fundseeder's Platform: Connecting Traders and Evaluating Performance

Fundseeder's Analytics: Evaluating Drawdowns, Volatility, and Correlation

Quantitative and Qualitative Evaluation of Fundseeder Traders

Part 5: Scaling and Institutional Growth

Fundseeder's Accelerator: Providing Infrastructure and Mentorship

Verifying Trader Performance on Fundseeder's Platform

Fundseeder's Focus: Institutional Investors and Scalable Businesses

RQSI's Acquisition of Fundseeder: Seeding Emerging Managers

Attracting Institutional Investors: Emerging Managers and Scalable Growth

Part 6: Conclusion and Call to Action

Benefits of Fundseeder: Analytics, Peer Comparison, and Accelerator Program

Fundseeder's Sign-Up Cost and Call for Market Wizards

Closing Remarks and Encouragement for Aspiring Fund Managers

Market Wizards, Measured: Inside the Criteria, Craft, and Grit · Jack Schwager and Emanuel Balarie

Chat With Traders

Part 1: Defining Market Wizards

00:27Defining Exceptional Trading Performance: High Returns vs. Consistent Risk Management

Defining Exceptional Trading Performance: High Returns vs. Consistent Risk Management

01:17Fundseeder's Accelerator: Providing Infrastructure for Talented Traders Globally

Fundseeder's Accelerator: Providing Infrastructure for Talented Traders Globally

02:30Fundseeder: A Platform for Risk-Averse Traders to Manage Capital

Fundseeder: A Platform for Risk-Averse Traders to Manage Capital

06:11Market Wizards Criteria: Performance, Track Record, and Longevity

Market Wizards Criteria: Performance, Track Record, and Longevity

Part 2: Psychology and Risk Management

11:11Human Nature, Position Sizing, and Risk Management in Trading

Human Nature, Position Sizing, and Risk Management in Trading

13:17Trading as an Obsession: Devotion, Analysis, and Hard Work

Trading as an Obsession: Devotion, Analysis, and Hard Work

Part 3: Strategy and Market Dynamics

16:21Adapting to Changing Markets: The Constant Evolution of Trading Strategies

Adapting to Changing Markets: The Constant Evolution of Trading Strategies

19:01Market Inefficiencies: Exploiting Patterns and Adapting to Their Disappearance

Market Inefficiencies: Exploiting Patterns and Adapting to Their Disappearance

21:01Trend Following: From Simple Strategies to Complex Whipsaw Actions

Trend Following: From Simple Strategies to Complex Whipsaw Actions

27:07Fundamentals vs. Risk Management: The Paradox of Adding to Losing Positions

Fundamentals vs. Risk Management: The Paradox of Adding to Losing Positions

29:32Timing Challenges in Fundamental Analysis and Contrarian Indicators

Timing Challenges in Fundamental Analysis and Contrarian Indicators

31:12The Importance of Predefined Exit Points for Objective Risk Management

The Importance of Predefined Exit Points for Objective Risk Management

Part 4: The Fundseeder Ecosystem

33:51Fundseeder's Origins: Discovering and Supporting Undiscovered Trading Talent

Fundseeder's Origins: Discovering and Supporting Undiscovered Trading Talent

36:47Fundseeder's Platform: Connecting Traders and Evaluating Performance

Fundseeder's Platform: Connecting Traders and Evaluating Performance

37:56Fundseeder's Analytics: Evaluating Drawdowns, Volatility, and Correlation

Fundseeder's Analytics: Evaluating Drawdowns, Volatility, and Correlation

39:57Quantitative and Qualitative Evaluation of Fundseeder Traders

Quantitative and Qualitative Evaluation of Fundseeder Traders

Part 5: Scaling and Institutional Growth

42:08Fundseeder's Accelerator: Providing Infrastructure and Mentorship

Fundseeder's Accelerator: Providing Infrastructure and Mentorship

44:48Verifying Trader Performance on Fundseeder's Platform

Verifying Trader Performance on Fundseeder's Platform

45:26Fundseeder's Focus: Institutional Investors and Scalable Businesses

Fundseeder's Focus: Institutional Investors and Scalable Businesses

46:54RQSI's Acquisition of Fundseeder: Seeding Emerging Managers

RQSI's Acquisition of Fundseeder: Seeding Emerging Managers

48:44Attracting Institutional Investors: Emerging Managers and Scalable Growth

Attracting Institutional Investors: Emerging Managers and Scalable Growth

Part 6: Conclusion and Call to Action

50:16Benefits of Fundseeder: Analytics, Peer Comparison, and Accelerator Program

Benefits of Fundseeder: Analytics, Peer Comparison, and Accelerator Program

51:58Fundseeder's Sign-Up Cost and Call for Market Wizards

Fundseeder's Sign-Up Cost and Call for Market Wizards

53:02Closing Remarks and Encouragement for Aspiring Fund Managers

Closing Remarks and Encouragement for Aspiring Fund Managers