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Ed Seykota

Once you enter the world of markets and investing, you will eventually run across the book Market Wizards by Jack Schwager. Of all the trader interviews in Market Wizards, the most memorable is the one with Ed Seykota. While you may perceive Ed Seykota’s manner as extremely direct, you will agree Seykota is unique in the way he thinks. One profound, and now famous, statement of his was, “[E]verybody gets what they want out of the market.” This was a response to a question about trading, but we feel certain that Seykota would say it also applies to life.

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

Ed Seykota[47]


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