Market Wizards, Updated Interviews With Top Traders

by Schwager, Jack D.

• ISBN13: 9781118273050
• ISBN10: 1118273052
• Edition: 1st
• Format: Paperback
• Copyright: 2012-02-07
• Publisher: Wiley

Summary

How do the world's top traders make millions of dollars in the markets - sometimes in a matter of only weeks or even days? That's precisely the question Jack Schwager was trying to answer when he interviewed 17 superstar money-makers including Richard Dennis, Paul Tudor Jones, Ed Seykota, Marty Schwartz, Tom Baldwin and others. After reading this best-selling book, you'll know what ingredients enable these top traders to consistently work their financial magic in the markets while so many others walk away losers. One of the bestselling trading books of all-time!

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, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street's leading firms.

Table of Contents

Preface to the Paperback Edition	p. ix
Preface	p. xv
Acknowledgments	p. xvii
Prologue	p. xix
My Own Story	p. xxi
Futures and Currencies	p. 1
Taking the Mystery Out of Futures	p. 3
The Interbank Currency Market Defined	p. 7
Michael Marcus: Blighting Never Strikes Twice	p. 9
Bruce Kovner: The World Trader	p. 51
Richard Dennis: A Legend Retires	p. 83
Paul Tudor Jones: The Art of Aggressive Trading	p. 115
Gary Bielfeldt: Yes, They Do Trade T-Bonds in Peoria	p. 139
Ed Seykota: Everybody Gets What They Want	p. 151
Larry Hite: Respecting Risk	p. 175
Mostly Stocks	p. 193
Michael Steinhardt: The Concept of Variant Perception	p. 195
William O'Neil: The Art of Stock Selection	p. 221
David Ryan: Stock Investment as a Treasure Hunt	p. 239
Marty Schwartz: Champion Trader	p. 257
A Little Bit of Everything	p. 281
James B. Rogers, Jr.: Buying Value and Selling Hysteria	p. 283
Mark Weinstein: High-Percentage Trader	p. 321
The View from the Floor	p. 343
Brian Gelber: Broker Turned Trader	p. 345
Tom Baldwin: The Fearless Pit Trader	p. 367
Tony Saliba: "One-Lot" Triumphs	p. 385
The Psychology of Trading	p. 405
Dr. Van K. Tharp: The Psychology of Trading	p. 407
The Trade: A Personal Experience	p. 429
Postscript: Dreams and Trading	p. 435
Final Word	p. 439
What I Believe 22 Years Later	p. 441
Appendix 1: Program Trading and Portfolio Insurance	p. 453
Appendix 2: Options-Understanding the Basics	p. 455
Glossary	p. 461
Excerpt: Edward Thorp	p. 473
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