{"product_id":"the-little-book-of-market-wizards-isbn-9781118858691","title":"The Little Book of Market Wizards","description":"\u003cb\u003eAn accessible look at the art of investing and how to adopt the practices of top professionals\u003c\/b\u003e  \u003cp\u003eWhat differentiates the highly successful market practitioners—the Market Wizards—from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers—a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eThe Little Book of Market Wizards\u003c\/i\u003e, Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world's best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eEach chapter focuses on a specific theme essential to market success\u003c\/li\u003e \u003cli\u003eDescribes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own trading\u003c\/li\u003e \u003cli\u003eFilled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skill\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eStepping clearly outside the narrow confines of most investment books, \u003ci\u003eThe Little Book of Market Wizards\u003c\/i\u003e focuses on the value of understanding one's self within the context of successful investing.\u003c\/p\u003e \u003cp\u003eForeword by Peter L. Brandt xi\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eChapter One Failure Is Not Predictive 1\u003c\/p\u003e \u003cp\u003eChapter Two What Is Not Important 9\u003c\/p\u003e \u003cp\u003eChapter Three Trading Your Own Personality 15\u003c\/p\u003e \u003cp\u003eChapter Four The Need for an Edge 23\u003c\/p\u003e \u003cp\u003eChapter Five The Importance of Hard Work 27\u003c\/p\u003e \u003cp\u003eChapter Six Good Trading Should Be Effortless 35\u003c\/p\u003e \u003cp\u003eChapter Seven The Worst of Times, the Best of Times 41\u003c\/p\u003e \u003cp\u003eChapter Eight Risk Management 47\u003c\/p\u003e \u003cp\u003eChapter Nine Discipline 61\u003c\/p\u003e \u003cp\u003eChapter Ten Independence 69\u003c\/p\u003e \u003cp\u003eChapter Eleven Confidence 73\u003c\/p\u003e \u003cp\u003eChapter Twelve Losing Is Part of the Game 77\u003c\/p\u003e \u003cp\u003eChapter Thirteen Patience 83\u003c\/p\u003e \u003cp\u003eChapter Fourteen No Loyalty 93\u003c\/p\u003e \u003cp\u003eChapter Fifteen Size Matters 103\u003c\/p\u003e \u003cp\u003eChapter Sixteen Doing the Uncomfortable Thing 115\u003c\/p\u003e \u003cp\u003eChapter Seventeen Emotions and Trading 125\u003c\/p\u003e \u003cp\u003eChapter Eighteen Dynamic versus Static Trading 135\u003c\/p\u003e \u003cp\u003eChapter Nineteen Market Response 145\u003c\/p\u003e \u003cp\u003eChapter Twenty The Value of Mistakes 157\u003c\/p\u003e \u003cp\u003eChapter Twenty-One Implementation versus Idea 163\u003c\/p\u003e \u003cp\u003eChapter Twenty-Two Off the Hook 167\u003c\/p\u003e \u003cp\u003eChapter Twenty-Three Love of the Endeavor 173\u003c\/p\u003e \u003cp\u003eAppendix: Options—Understanding the Basics 177\u003c\/p\u003e \u003cp\u003eNotes 185\u003c\/p\u003e \u003cp\u003eAbout the Author 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJACK D. SCHWAGER\u003c\/b\u003e is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. He is currently a principal of PortfolioFit (portfoliofitadvisors.com), an advisory firm that specializes in constructing tailor-made futures and FX managed account portfolios for clients, and the co-;portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. Mr. Schwager is also one of the founders of Fund Seeder (Fundseeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital.\u003c\/p\u003e\u003cp\u003eMr. Schwager is the inventor of the Jack Schwager Commodity Index (JSCI) family, a set of dynamically adjusted commodity indexes that incorporate spread structure, systematic inputs, and volatility-based risk adjustments. The indexes are scheduled to be launched in early 2014 in cooperation with Aquantum AG and UBS.\u003c\/p\u003e\u003cp\u003eMr. Schwager is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: \u003ci\u003eMarket Wizards\u003c\/i\u003e (1989), \u003ci\u003eThe New Market Wizards\u003c\/i\u003e (1992), \u003ci\u003eStock Market Wizards\u003c\/i\u003e (2001), and \u003ci\u003eHedge Fund Market Wizards\u003c\/i\u003e (2012). His latest book \u003ci\u003eMarket Sense and Nonsense\u003c\/i\u003e, a compendium of investment misconceptions, was published in November 2012. He is also the author of the three-volume \u003ci\u003eSchwager on Futures\u003c\/i\u003e series and \u003ci\u003eGetting Started in Technical Analysis.\u003c\/i\u003e Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation.\u003c\/p\u003e  \u003cp\u003eWhat differentiates the highly successful market practitioners—the Market Wizards—from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers—a quest chronicled in four prior \u003ci\u003eMarket Wizards\u003c\/i\u003e volumes totaling nearly 2,000 pages.\u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eLittle Book of Market Wizards,\u003c\/i\u003e Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world’s best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results. Each chapter focuses on a specific theme essential to market success and describes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own trading. The book is filled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skill.\u003c\/p\u003e\u003cp\u003eStepping clearly outside the narrow confines of most investment books, \u003ci\u003eThe Little Book of Market Wizards\u003c\/i\u003e focuses on the value of understanding one’s self within the context of successful investing. For an in-depth view of the art of investing and how to adopt the practices of top professionals, Schwager’s \u003ci\u003eLittle Book\u003c\/i\u003e is one of the best, most entertaining guides out there.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990280290533,"sku":"NP9781118858691","price":28.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118858691.jpg?v=1761787182","url":"https:\/\/k12savings.com\/products\/the-little-book-of-market-wizards-isbn-9781118858691","provider":"K12savings","version":"1.0","type":"link"}