Stock Market Wizards: Interviews with America's Top Stock Traders - Hardcover

Schwager, Jack D.

4.27

1,650 ratings by Goodreads

9781592803361: Stock Market Wizards: Interviews with America's Top Stock Traders

Hardcover

ISBN 10: 1592803369 ISBN 13: 9781592803361

Publisher: Wiley, 2012

View all copies of this ISBN edition:

This decade has witnessed the most dynamic bull market in U.S.stock history, a collapse in commodity prices, and dramaticfailures in some of the world's leading hedge funds. How have sometraders managed to significantly outperform a stock market that,until recently, moved virtually straight up? This book will featureinterviews with those traders who achieved phenomenal success, froman Ohio farmer who enjoyed triple-digit returns to a Turkish�migr� who transformed a $16,000 account into $6 million,to professional hedge-fund managers such as Michael Masters ofCapital Management.
Today, the action is on the stock market. This book will be amust-have for that sector, as well as for the legions ofindividuals that eagerly bought Market Wizards.

"synopsis" may belong to another edition of this title.

Review:

Newcomers to Jack Schwager's series on top traders, as well as fervent fans of his first two entries Market Wizards and The New Market Wizards, will find that Stock Market Wizards offers another revealing look at a wide spectrum of trading styles through the eyes of 15 extraordinarily successful individuals. Transcripts of incisive Q&A sessions between Schwager and traders--including Michael Lauer, Dana Galante, Alphonse "Buddy" Fletcher Jr., and Claudio Guazzoni--examine the ways each approaches their specialty, whether it be value stocks, mutual funds, short selling, options trading, or other market niches. After brief but interesting introductions that place the subjects' trading practices into perspective, Schwager coaxes from them penetrating observations on setting goals, finding opportunities, learning from mistakes, and operating on a day-to-day basis. While some participants refuse to divulge proprietary practices, and Anthony admits that many traders' activities hold little relevance to individual investors, the basic doctrines nonetheless contain nuggets of wisdom that can be applied by many nonprofessionals. And, in the final "Wizard Lessons" chapter, Schwager details the 65 overarching principles (such as Trade Your Personality, Be Willing to Take a Loss, and The Importance of Setting Goals) he culled from these extensive conversations. --Howard Rothman

From the Inside Flap:

Wouldn’t you love to sit down with some of theworld’s most successful investors and find out how they doit? Just how do they make millions of dollars a year—or evenin hours? And how do they come back from just as colossallosses?

Market expert Jack D. Schwager interviews some of theindustry’s most successful traders, including:

MARK MINERVINI—a junior high school dropout whoaveraged a 220 percent annual return in five years, while keepinghis maximum quarterly loss to a fraction of one percent.

MARK COOK—a Midwestern farmer who registeredback-to-back annual gains of 563 and 322 percent in nationaltrading contests.

STEVE LESCARBEAU—whose computerized model earns himan average of 70 percent per year with an incredibly low down ofonly 3 percent.

Shcwager asks the questions we want answers to—then pullsit all together and distills the essential advice and insights intoa list of 64 invaluable market lessons for both novices and marketprofessionals alike.

What Separates the World’s most successful investors fromordinary investors, and even the vast majority of professionalsfund managers?

In the third book of the best-selling Market Wizard series,acclaimed trading expert Jack D. Schwager digs into the psyches,strategies, and true accounts of 12 legendary traders who survivedthe most dynamic bull market in U. S. stock history—as wellas a collapse in commodity prices, dramatic failures in some of theworld’s leading hedge funds, the burst of the internetbubble, and a fall into recession and the subsequent rumblings ofrecovery.

What lessons can the average trader or investor learn from theseexceptional traders?

In lively interviews with his all-start lineup, Schwager bringsyou true stories, invaluable market lessons, and the inside scoopon how to ride the bull, battle the bear, and still come out ontop.

Mr. Schwager is a recognized industry expert in futures andhedge funds and has written extensively on the futures industry andgreat traders in all financial markets. He is perhaps best knownfor his best-selling series of interviews with the greatest hedgefund managers of the last two decades: Market Wizards(1989), The New Market Wizards (1992) Stock Market Wizardsis the most recent in the series.

"About this title" may belong to another edition of this title.