Confessions Of A Market Maker Episode #105: Linda Raschke- Market Wizard Talks Trading Strategies, Indicators & Managing Money
11 snips
Apr 5, 2023 AI Snips
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Episode notes
Macro Calls Need Matching Time Horizons
- Macro views can be correct long-term but useless for short-term trading.
- Time horizon matters: being right two years out doesn't help intraday or monthly decisions.
How Linda Ended Up In Market Wizards
- Linda took a bus to New York while ill to meet Jack Schwager and unknowingly contributed to Market Wizards.
- Jack later sent her manuscript excerpts that were nearly verbatim from their dinner conversation.
Performance Attracted Institutional Money
- Linda started managing outside money after publishing Market Wizards and attracted big clients like the Pritzkers.
- Performance attracted capital and led to larger allocations and fund-of-fund relationships.