Excess Returns · Thursday, July 16, 2026
Jack Schwager, author of the "Market Wizards" book series, explains his criteria for profiling traders. He looks for compelling stories and performance metrics, typically either turning a small amount of capital into a large sum or demonstrating exceptionally high risk-adjusted returns.
“I'm ultimately looking for a story. You know, has to be a good story.”
“And, um, as far as the performance side, there are two elements that two possible roads to it. One, somebody takes a small amount of money and turns it into a lot.”
“And then you have people who have kind of crazy return risk numbers.”