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Podcast: My Worst Investment Ever Podcast
Episode: Jack Schwager – Never Stay in a Position That Violates What You Believe In
Description: BIO: Jack D. Schwager is a recognized industry expert on futures and hedge funds and the author of the iconic Market Wizards series, in which he interviewed about 70 trading legends of our time.STORY: Jack stayed too long in a position where his short was the strongest and his long the weakest, even though he knew this wasn’t the way to invest.LEARNING: Never stay in a position that violates something that you believe in. In every position, know where you’ll get out before you get in. “A mistake is not a t...