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308 · Jack Schwager and Emanuel Balarie - Market Wizards, Measured: Inside the Criteria, Craft, and Grit
Manage episode 509084804 series 65504
We’re joined by Jack Schwager—author of the legendary Market Wizards series and co-founder of FundSeeder—along with his partner and fellow co-founder & CEO, Emanuel Balarie. Jack shares what it really takes to be considered for a Market Wizards book: not one formula, but a mix of standout performance, disciplined risk, and an almost obsessive commitment to process and adaptation. Along the way, we dig into why survival so often hinges on position sizing and pre-planned exits, whether strategies like trend following can still hold up today, and the paradox of how fundamental convictions can actually work against risk management.
Emanuel then explains how FundSeeder discovers talented but undiscovered traders worldwide, using analytics to measure performance and the FundSeeder Rise accelerator (now part of RQSI) to help top performers make the leap from trading their own accounts to managing outside capital. Think of it as a “farm system” for the next generation of fund managers. Few will ultimately make the cut, but every great manager starts somewhere—and if you’ve been honing your craft and building a real track record, this episode might spark the thought: why not you?
Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 – Introduction and background
10:50 – What qualifies as “Market Wizards” performance
15:20 – Longevity vs. hot streaks
17:20 – Position sizing & cutting losses
19:20 – Obsession level + trainee mindset
24:20 – When edges die (index adds, VIX pattern)
27:20 – Trend logic vs. whipsaw reality
32:20 – Fundamentals vs. risk management
38:20 – “Know your exit before entry”
39:50 – FundSeeder origin story
42:20 – Evaluating traders (quant + qual)
48:20 – Why the Rise accelerator exists
52:20 – RQSI’s role in seeding talent
55:20 – Free analytics & benchmarking for traders
57:20 – How to apply / contact
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Links + Resources:
FundSeeder: https://fundseeder.com
FundSeeder Rise (accelerator): https://www.fundseeder.com/rise
FundSeeder on X: https://x.com/fundseeder
Jack Schwager: https://x.com/jackschwager | http://www.jackschwager.com/
Emanuel Balarie: https://x.com/emanuelbalarie
Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
315 episodes
Manage episode 509084804 series 65504
We’re joined by Jack Schwager—author of the legendary Market Wizards series and co-founder of FundSeeder—along with his partner and fellow co-founder & CEO, Emanuel Balarie. Jack shares what it really takes to be considered for a Market Wizards book: not one formula, but a mix of standout performance, disciplined risk, and an almost obsessive commitment to process and adaptation. Along the way, we dig into why survival so often hinges on position sizing and pre-planned exits, whether strategies like trend following can still hold up today, and the paradox of how fundamental convictions can actually work against risk management.
Emanuel then explains how FundSeeder discovers talented but undiscovered traders worldwide, using analytics to measure performance and the FundSeeder Rise accelerator (now part of RQSI) to help top performers make the leap from trading their own accounts to managing outside capital. Think of it as a “farm system” for the next generation of fund managers. Few will ultimately make the cut, but every great manager starts somewhere—and if you’ve been honing your craft and building a real track record, this episode might spark the thought: why not you?
Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 – Introduction and background
10:50 – What qualifies as “Market Wizards” performance
15:20 – Longevity vs. hot streaks
17:20 – Position sizing & cutting losses
19:20 – Obsession level + trainee mindset
24:20 – When edges die (index adds, VIX pattern)
27:20 – Trend logic vs. whipsaw reality
32:20 – Fundamentals vs. risk management
38:20 – “Know your exit before entry”
39:50 – FundSeeder origin story
42:20 – Evaluating traders (quant + qual)
48:20 – Why the Rise accelerator exists
52:20 – RQSI’s role in seeding talent
55:20 – Free analytics & benchmarking for traders
57:20 – How to apply / contact
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Links + Resources:
FundSeeder: https://fundseeder.com
FundSeeder Rise (accelerator): https://www.fundseeder.com/rise
FundSeeder on X: https://x.com/fundseeder
Jack Schwager: https://x.com/jackschwager | http://www.jackschwager.com/
Emanuel Balarie: https://x.com/emanuelbalarie
Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
315 episodes
All episodes
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