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Thank you for posting that video. I learned a lot from it, and not only about trading.

No, Mister Fungi. Thank YOU for speaking up!

Jack Schwager is One of the Good Guys (OTTGG) from whom investors --and I do mean investors-- can learn a lot. In a lot of ways, the only difference between a 'trader' and an 'investor' is how fast they are turning over inventory. The learning-curve for both will have the same pattern, but traders are dealing with problems faster and blowing themselves up quicker. The risk-management techniques used by the ones that do survive and be adopted/adapted by their slower-paced counter-parts, investors.

Does an investor want to know how to deal with a problem? Look at what traders have had to do to solve it. They're the guinea pigs. Let them suffer the casualties while you reap the benefits. I can do what I do in the world because I borrowed from traders. My overall framework is Ben Graham's. But my risk-management techniques come right from the day traders, specifically Van Tharp.

If you liked that 11-miute video (which is snippet's of an hour-long talk he gave that I now can't find posted anywhere), here's another one, this time by an Aussie trader. And this is my favorite.

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