Michael Marcus turned $30,000 into $80 million over a 20 year period — not too shabby.
He was profiled in Schwager’s original classic Market Wizards, giving one of the more impressive interviews in a book filled with many.
What many don’t know is that Michael Marcus was also part of what has to be the most famous mentor/trader lineage in trading history. The names read like a trader hall of fame inductee list.
The lineage began with Amos Hostetter, Founder of Commodity Corp and mentor to Ed Seykota (whom was also profiled in Market Wizards). Seykota then trained Michael Marcus whom in turn mentored Bruce Kovner.
That’s like if Jerry West had trained Kareem abdul-Jabbar and he taught Michael Jordan whom then mentored Stephen Curry.
Needless to say, whatever knowledge they were teaching one another is worth knowing.
To follow are some bits of wisdom from one of trading’s greatest:
Michael Marcus on Having the Proper Mindset
The Importance of Risk Management
The Philosophy Behind His Trading
by Alex Barrow, Macro Ops