Think of it as Wall Street’s “instruction manual”…

I’m talking about Jack Schwager’s 1989 book Market Wizards.

It’s one of the most underlined and dog-eared books in my library.

It’s also a cult classic on Wall Street.

And as you’ll see in today’s dispatch, it teaches an essential lesson that’s simple to follow.

If you take this lesson to heart, you’ll be able make outsized gains in your portfolio without worrying about suffering a ruinous loss.

If you ignore it, you’ll likely make yourself poorer as an investor, not richer.

Market Wizards is an attempt to answer a simple question…

Can you beat the market?

Finance academics would say, “No, not unless you’re very lucky.”

If that’s right, anyone trying to beat the market is delusional.

But Schwager was a trader, not an academic. He knew some of his fellow traders had proved the academics wrong. And he set out to find them and learn their secrets.

For Market Wizards and its four follow-up books, he talked to the greatest moneymakers on Wall Street.

Take Paul Tudor Jones… He shot to fame after making about $100 million from the 1987 “Black Monday” market crash.

Or Jim Rogers… In the early 1970s, he cofounded the Quantum Fund with George Soros. It gained 4,200% over 10 years.

Schwager also talked with Richard Dennis. He was a Chicago-based commodities trader who made a personal fortune of $200 million from his speculations.

He also talked with Ray Dalio. He runs the world’s largest hedge fund, Bridgewater Associates.

Larry Benedict also made the cut…

As regular readers will know, Larry is a friend of Legacy Research and one of America’s most prolific moneymakers.

Between 1990 and 2010, he didn’t have a single losing year as a hedge fund manager.

That includes 2008. In a year when most American households lost 25% to 30% of their net worth, Larry’s hedge fund generated $95 million.

How did Larry notch this legendary winning streak?

In a word, discipline.

Most folks think traders take big risks to earn big rewards. But that’s just the Hollywood version. In reality, the world’s top traders are obsessed with managing their risk.

That was the golden thread running through the Market Wizards series…

Schwager’s super-traders all said finding a discipline that works – and sticking to it – was the key to their success.

In Larry’s case, if his trading losses in any month approached 2.5%, he’d liquidate his entire portfolio and start with a clean slate the next day with more conservative trades.

And he’s continued that conservative approach at his One Ticker Trader advisory. It’s where he picks a single stock or theme for the month and recommends trades on it.

He’s just racked up 10 trading wins in a row. And he’s given his readers the chance to make an accumulated return of 148% since he launched the advisory in August.

Larry isn’t resting on his laurels…

His goal is to bring his subscribers new ways to trade and invest that most folks have no clue exist.

It probably won’t shock you to hear it, but hedge funds have ways of making money few regular investors know about.

But Larry knows all about them after 35 years working on Wall Street… and he’s sharing them with his readers.

They’re strategies you can use to build wealth… hedge your risk… and play these volatile markets without relying on stocks going up.

In fact, one of those opportunities can generate yields 750% greater than most savings accounts right now… with limited downside risk.

It’s not options, stocks, bonds, or anything you’ve likely heard about before.

And you’re not alone. I began my career as a financial analyst 25 years ago… and I hadn’t heard about some of these strategies.

That’s why Larry has put together his 750% Boost event…

It goes live tomorrow, December 7, at 8 p.m. ET.

And if you have money parked in cash wishing you could generate a reasonable return instead of losing to inflation… then it’s going to be eye-opening.

He’ll show you how to potentially earn a 750% higher yield than you would from a savings account, year after year…

He’ll also detail how you can earn 998% more yield than the average S&P 500 stock – without buying stocks, options, or cryptocurrencies.

It’s free to attend. So, make sure to sign up with one click here.



Chris Lowe
Editor, The Daily Cut