{"product_id":"market-wizards-updated-isbn-9781118273050","title":"Market Wizards, Updated","description":"\u003cp\u003e\u003cb\u003eThe world's top trader's reveal the secrets of their phenomenal success!\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e How do the world's most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi—Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success. In \u003ci\u003eMarket Wizards\u003c\/i\u003e Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right. \u003c\/p\u003e \u003cul\u003e \u003cli\u003eFeatures interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more\u003c\/li\u003e \u003cli\u003eTells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who's averaged 30% returns every year for the past twenty-one years, and the T-bond futures trader who parlayed $25,000 into $2 billion in a single day!\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\"Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head.\"\u003cbr\u003e --Martin W. Zweig, Ph.D., Editor, \u003ci\u003eThe Zweig Forecast\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePreface to the Paperback Edition ix\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003ePrologue xix\u003c\/p\u003e \u003cp\u003eMy Own Story xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Futures and Currencies 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking the Mystery Out of Futures 3\u003c\/p\u003e \u003cp\u003eThe Interbank Currency Market Defined 7\u003c\/p\u003e \u003cp\u003eMichael Marcus: Blighting Never Strikes Twice 9\u003c\/p\u003e \u003cp\u003eBruce Kovner: The World Trader 51\u003c\/p\u003e \u003cp\u003eRichard Dennis: A Legend Retires 83\u003c\/p\u003e \u003cp\u003ePaul Tudor Jones: The Art of Aggressive Trading 115\u003c\/p\u003e \u003cp\u003eGary Bielfeldt: Yes, They Do Trade T-Bonds in Peoria 139\u003c\/p\u003e \u003cp\u003eEd Seykota: Everybody Gets What They Want 151\u003c\/p\u003e \u003cp\u003eLarry Hite: Respecting Risk 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Mostly Stocks 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMichael Steinhardt: The Concept of Variant Perception 195\u003c\/p\u003e \u003cp\u003eWilliam O’Neil: The Art of Stock Selection 221\u003c\/p\u003e \u003cp\u003eDavid Ryan: Stock Investment as a Treasure Hunt 239\u003c\/p\u003e \u003cp\u003eMarty Schwartz: Champion Trader 257\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III A Little Bit of Everything 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJames B. Rogers, Jr.: Buying Value and Selling Hysteria 283\u003c\/p\u003e \u003cp\u003eMark Weinstein: High-Percentage Trader 321\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV The View from the Floor 343\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBrian Gelber: Broker Turned Trader 345\u003c\/p\u003e \u003cp\u003eTom Baldwin: The Fearless Pit Trader 367\u003c\/p\u003e \u003cp\u003eTony Saliba: “One-Lot” Triumphs 385\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V The Psychology of Trading 405\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDr. Van K. Tharp: The Psychology of Trading 407\u003c\/p\u003e \u003cp\u003eThe Trade: A Personal Experience 429\u003c\/p\u003e \u003cp\u003ePostscript: Dreams and Trading 435\u003c\/p\u003e \u003cp\u003eFinal Word 439\u003c\/p\u003e \u003cp\u003eWhat I Believe 22 Years Later 441\u003c\/p\u003e \u003cp\u003eAppendix 1: Program Trading and Portfolio Insurance 453\u003c\/p\u003e \u003cp\u003eAppendix 2: Options—Understanding the Basics 455\u003c\/p\u003e \u003cp\u003eGlossary 461\u003c\/p\u003e \u003cp\u003eExcerpt: Edward Thorp 473\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eJACK D. SCHWAGER\u003c\/b\u003e 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.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARKET WIZARDS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eThe Investment Classic, Updated with a New Preface and Afterword\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"I've read the book at several stages of my career as it shows the staying power of good down-to-earth wisdoms of true practitioners with skin in the game. This is the central document showing the heuristics that real-life traders use to manage their affairs, how people who do rather than talk have done things. Twenty years from now, it will still be fresh. There is no other like it.\" \u003cb\u003e—Nassim N. Taleb, former derivatives trader, author of \u003ci\u003eThe Black Swan,\u003c\/i\u003e and professor, NYU-Poly\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for the\u003c\/b\u003e \u003cb\u003e\u003ci\u003eFirst Edition\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head.\" \u003cb\u003e—Martin W. Zweig, PhD, Editor,\u003c\/b\u003e \u003cb\u003e\u003ci\u003eThe Zweig Forecast\u003c\/i\u003e\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"It is difficult enough to develop a method that works. It then takes experience to believe what your method is telling you. But the toughest task of all is turning analysis into money. If you don't believe it, try it. These guys have it all: a method, the conviction, and the discipline to act decisively time after time, regardless of distractions and pressures. They are heroes of Wall Street, and Jack Schwager's book brings their characters vividly to life.\" \u003cb\u003e—Robert R. Prechter Jr., Editor,\u003c\/b\u003e \u003cb\u003e\u003ci\u003eThe Elliott Wave Theorist\u003c\/i\u003e\u003c\/b\u003e    \u003c\/p\u003e\u003cp\u003eFeaturing interviews with seventeen of the most successful market-beaters, including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michael Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin, Market Wizards is packed with real-life anecdotes from the trading world. From the electrical engineer from MIT whose computerized trading earned returns of 250,000% over sixteen years to the trader who, after wiping out several times, successfully turned a $30,000 investment into an $80 million fortune, Schwager identifies the factors that define a true Market Wizard.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989574598885,"sku":"NP9781118273050","price":29.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118273050.jpg?v=1761784658","url":"https:\/\/k12savings.com\/products\/market-wizards-updated-isbn-9781118273050","provider":"K12savings","version":"1.0","type":"link"}