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    The New Market Wizards: Conversations with America's Top Traders

    The New Market Wizards: Conversations with America's Top Traders

    4.8 8

    by Jack D. Schwager


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    $10.99

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      ISBN-13: 9780061750274
    • Publisher: HarperCollins Publishers
    • Publication date: 10/13/2009
    • Sold by: HARPERCOLLINS
    • Format: eBook
    • Pages: 512
    • Sales rank: 196,694
    • File size: 726 KB

    Jack 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.

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    Table of Contents

    xiii Preface

    xv Acknowledgments

    xvii Prologue: The Jademaster

    PART I: Trading Perspectives

    3 Misadventures in Trading

    13 Hussein Makes a Bad Trade

    PART II: The World’s Biggest Market

    19 Bill Lipschutz: The Sultan of Currencies

    PART III: Futures—The Variety-Pack Market

    83 Futures: Understanding the Basics

    87 Randy McKay: Veteran Trader

    121 William Eckhardt: The Mathematician

    161 The Silence of the Turtles

    175 Monroe Trout: The Best Return That Low Risk Can Buy

    207 Al Weiss: The Human Chart Encyclopedia

    PART IV: Fund Managers And Timers

    217 Stanley Druckenmiller: The Art of Top-Down Investing

    247 Richard Driehaus: The Art of Bottom-Up Investing

    269 Gil Blake: The Master of Consistency

    293 Victor Sperandeo: Markets Grow Old Too

    PART V: Multiple-Market Players

    327 Tom Basso: Mr. Serenity

    345 Linda Bradford Raschke: Reading the Music of the Markets

    PART VI: The Money Machines

    367 CRT: The Trading Machine

    373 Mark Ritchie: God in the Pits

    401 Joe Ritchie: The Intuitive Theoretician

    425 Blair Hull: Getting the Edge

    455 Jeff Yass: The Mathematics of Strategy

    PART VII: The Psychology of TRAdIng

    481 Zen and the Art of Trading

    485 Charles Faulkner: The Mind of an Achiever

    517 Robert Krausz: The Role of the Subconscious

    PART VIII: closIng bell

    543 Market Wiz(ar)dom

    565 A Personal Reflection

    567 Appendix

    573 Glossary

    585 Trading Resource Guide

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    In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success. Asking questions that readers with an interest or involvement in the financial markets would love to pose to the financial superstars, Jack D. Schwager encourages these financial wizards to share their insights. Entertaining, informative, and invaluable, The New Market Wizards is destined to become another Schwager classic.

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    "...they are the most highly readable investment books you will find...you'll find them riveting and fun..." (Shares, 10 October 2002)
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