Hedge Fund Market Wizards

A must-read for all would-be traders...while the book's focusis clearly on trading and investing, there is more than enoughhuman interest on offer for the general reader.... Like Schwager'sother works...Hedge Fund Market Wizards looks set to becomea classic. (Money Week, June 2012)

Offers valuable guidance and timeless insights for bothinvestment professionals and market enthusiasts looking to improvetheir trading abilities by learning from the best. (trade2win.com, July 2012)

This book is destined to be a classic just like the others byJack. But the latest goes one step further, these traders aren'tjust at the top of their game, they have defined it. What can Isay? This book was so good it almost made me want to get back intothe game again!
--Paul Wilmott, mathematician and ex-hedge fundmanager

Brilliant! Brilliant! Brilliant! Another book about truetraders by a true trader. Jack Schwager has become the officialauthor of traderdom for this and future generations. Not only doesHedge Fund Market Wizards deserve a spot in everyrespectable trader's book collection, but the entire seriesshould be read annually by both professional and aspiring traders.Timeless wisdom, priceless concepts!
--Peter Lewis Brandt, Futures Trader, StablefordAsset Management, and Author of Diary of a ProfessionalCommodity Trader

I read Jack Schwager's first Market Wizards book when Iwas just starting out as in investor more than 20 years ago. It putinto brilliant focus the importance of trading psychology andknowing thyself. His latest work is yet another masterpiece. Itbrings to light new concepts in the world of investing that applyto all investors in today's markets. Anyone who reads this workwill immeasurably enrich themselves on many levels because tradingis life and life is trading.
--Dr. Chris Kacher, Founder ofwww.SelfishInvesting.com, and Author of Trade Like an O'NeilDisciple

Author Jack Schwager seems to have built his career on themarket wizardry of others. Based on this fourth wizardbook--interviews with 15 hedge-fund managers who recount theircareers and strategies--Schwager's long experience withwizardry has served him well. Readers captivated by the hedge-fundmystique won't be disappointed. Readers looking for insightinto exactly how successful hedge-fund managers achieve successwill have plenty to chew over. Schwager attempts to boil down theinterviews into 40 Market Wizard Lessons. Examples: Valueinvesting works. Position size can be more important than entryprice. Sometimes it's useful to do nothing. But the one thatmay ring truest is this: There is no Holy Grail in trading. Whatworks for one may not work for another, or for you. Fortunately forus, there's a wide enough variety of portraiture in Hedge FundMarket Wizards that at least a few lessons should resonate.
--Barrons.com

Determining how great traders acquire and use theirspecial skills has been an elusive quest. We have no shortage ofcookbooks on how to trade, but only a limited number of booksdescribe the decision processes of those who speculate as aprofession. Trader confessionals exist often as testimonies toegos, but few focus on the details of decision making. Materialthat does successfully capture the essence of how speculators thinkis the Market Wizards series by Jack D. Schwager.... Even inthe interviews of well-known traders, Schwager's probingquestions extract many new insights.
--FAJ Book Review

Even in the interviews of well-known traders, Schwager's probing questions extract many new insights. TheEd Thorp interview, which is the longest, is almost worthy of abook in itself.
--CFA Institute review

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.