Hedge Fund Market Wizards How Winning Traders Win

by Schwager, Jack D.; Seykota, Ed

• ISBN13: 9781118273043
• ISBN10: 1118273044
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-05-29
• Publisher: Wiley

Summary

Hedge Fund Market Wizards will be a modern day sequel to the highly successful Market Wizards and New Market Wizards written over 20 years ago. These two earlier volumes have become classics in the investment literature and have been read by virtually every hedge fund manager, as well as by a much broader lay audience. This new volume in the series will follow the same effective formula used by its predecessors. The book will devote a chapter to each of a broad array of highly successful traders, ranging widely in the markets they trade and their methodologies, but sharing in their achievement of superior performance. Each chapter, following the original format, will include an introductory section, a core section based on an interview with the trader, and a conclusion section that seeks to draw useful trading and investment lessons illustrated by the trader's approach and advice.

Author Biography

JACK D. SCHWAGER is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co–portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.

Table of Contents

Foreword	p. ix
Preface	p. xiii
Acknowledgments	p. xvii
Macro Men	p. 1
Colm O'Shea: Knowing When It's Raining	p. 3
Ray Dalio: The Man Who Loves Mistakes	p. 47
Larry Benedict: Beyond Three Strikes	p. 77
Scott Ramsey: Low-Risk Futures Trader	p. 103
Jaffray Woodriff: The Third Way	p. 129
Multistrategy Players	p. 159
Edward Thorp: The Innovator	p. 161
Jamie Mai: Seeking Asymmetry	p. 223
Michael Piatt: The Art and Science of Risk Control	p. 261
Equity Traders	p. 285
Steve Clark: Do More of What Works and Less of What Doesn't	p. 287
Martin Taylor: The Tsar Has No Clothes	p. 323
Tom Claugus: A Change of Plans	p. 359
Joe Vidich: Harvesting Losses	p. 385
Kevin Daly: Who Is Warren Buffett?	p. 405
Jimmy Balodimas: Stepping in Front of Freight Trains	p. 423
Joel Greenblatt: The Magic Formula	p. 451
Conclusion: 40 Market Wizard Lessons	p. 489
Epilogue	p. 507
The Gain to Pain Ratio	p. 513
Options-Understanding the Basics	p. 515
About the Author	p. 519
Index	p. 521
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