Occupation Investor / Trader Career wins ongoing | Name Martin Schwartz Role Trader | |
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Books Pit Bull: Lessons from Wall Street's Champion Day Trader Education Amherst College, Columbia University People also search for Paul Flint, David Stophlet Flattery, Amy Hempel, David E. Morine | ||
Martin S. Schwartz (Buzzy, Born March 23, 1945) is a Wall Street trader who made his fortune successfully trading stocks, futures and options. He received national attention when he won the U.S. Investing Championship in 1984. He is the author of Pit Bull: Lessons from Wall Street's Champion Day Trader.
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Education
Graduated with a degree from Amherst College in 1967 and Received an MBA from Columbia University in 1970.
Career
Schwartz served in the U.S. Marine Corps Reserves from 1968–73 and completed his commitment with rank of Captain. After working several years in what he considered to be a dead-end job as a financial analyst at E. F. Hutton, Martin accumulated a nest egg of $100,000, quit the firm, and bought a seat on the American Stock Exchange where he began trading stocks options and futures. In his first full year as an independent trader he made $600,000 and a year later earned $1.2 million.
Martin's style is to get in and out of positions in a hurry, in 1985 began his own fund in which he would manage other people's money as well as his own. He is most famous for writing the book Pit Bull: Lessons from Wall Street's Champion Day Trader, based on that professional life.
In Spring 2013, on the 50th anniversary of his enrollment as a freshman, he came back to Amherst College and gave a lecture on his technique, and on philosophy of life using combination of work ethic, intelligence, and sheer guts. The lecture is available online.[1]
Other endeavors
Martin is a second Champion Horse owner. [2][3][4][5]