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Book - Product Information
The New Market Wizards: Conversations with America's Top Traders
Jack D. Schwager
Rating: 4.5/5 Stars
Rank: 2725
In these absorbing interviews with star performers in the financial
markets, Schwager ( Market Wizards ) humanizes the mechanics and
psychology behind billion-dollar daily world trading in such sophisticated
instruments as currencies, stock options, commodity futures, and
mutual-fund accounts by individuals, investment firms and group-trading
computerized "money machines." One trader focuses on market response to
news events, another calculates mathematical probabilities--one even cocks
an ear to the noise level on the exchange floor.
All rank assiduous
research, self-confidence, a specific plan and the courage to cut losses
among essentials to success.
Few consider their work gambling, but
Schwager entertainingly argues that a successful trader needs many of the
qualities of a good poker player. Though the subject matter is esoteric,
there is much here to attract the general reader, and Schwager appends a
"primer" of technical basics.
Copyright 1992 Reed Business
Information, Inc.--This text refers to an out of print or unavailable
edition of this title.
About the AuthorJack Schwager is a managing director and principal of The Fortune Group,
an alternative asset management firm regulated in the UK and the United
States.
Schwager is the Senior Portfolio manager for Fortune's Market
Wizards Funds of Funds, a broadly diversified series of institutional
hedge fund portfolios.
He also serves on the board of Fortune's research
affiliate Global Fund Analysis, a leading source of independent hedge fund
research.
His prior experience includes 22 years as the director of futures
research for some of Wall Street's leading firms and 10 years as the
co-principal of a commodity trading advisory firm. Mr.
Schwager is
perhaps best known as the author of the best-selling Market Wizards
(1989), and the equally popular The New Market Wizards (1992).
A
third volume in this series, Stock Market Wizards, published by
HarperCollins, was released in early 2001.
Mr. Schwager's first book, A
Complete Guide to the Futures Markets, which was published in 1984, is
considered to be one of the classic reference works in the field.
More
than a decade later he revised and expanded this original work into the
three-volume series, Schwager on Futures, consisting of the following
titles: Fundamental Analysis (1995), Technical Analysis
(1996), and Managed Trading: Myths and Truths (1996).
He is also
the author of Getting Started in Technical Analysis (1999), which
is part of John Wiley's popular "Getting Started" series. Mr.
Schwager is a frequent seminar speaker and has lectured on a range of
analytical topics with particular focus on the characteristics of great
traders, hedge fund investment, performance measurement, technical
analysis, and trading system evaluation.
He holds a B.A. in Economics from
Brooklyn College and an M.A. in Economics from Brown University.
Editorials
Sample 3 of 4
The New Market Wizards: Conversations with America's Top Traders
Jack D. Schwager
![]() | | | From Publishers Weekly | | In these absorbing interviews with star performers in the financial
markets, Schwager ( Market Wizards ) humanizes the mechanics and
psychology behind billion-dollar daily world trading in such sophisticated
instruments... read full editorial |
![]() | | | --Futures Industry | | "Should be required reading for anyone who selects managers for
institutional or even personal portfolios." |
![]() | | | Book Description | | Some traders distinguish themselves from the herd. How do these spectacular
winners whose success occurs across a spectrum of financial markets do it?
What separates them from the others? What can they teach... read full editorial |
Customer Reviews
Sample 3 of 34
The New Market Wizards: Conversations with America's Top Traders
Jack D. Schwager
![]() | | | If you want to know what the outstanding brokers do | | (Copenhagen, Denmark) January 23, 2000 - 5.0/5 stars | | The book is one of the recognized classics.
It is also
interesting that people who have something in common - the success at the
stock market - can be so totally different, both in personality as well as
in their strategy... read full review |
![]() | | | Not as good as | | (wheeling, wv United States) December 18, 2001 - 5.0/5 stars | | market wizards but still alot of info. Another must read! |
![]() | | | General insights into successful traders/investors... | | (Chicago, IL USA) July 4, 2002 - 3.0/5 stars | | Through a series of interviews, Jack Schwager introduces the readers to
traders he deems to be Market Wizards. He talks to people trading in
different markets, employing different methodologies, and exhibiting
different... read full review |
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