Hedge Fund Market Wizards: How Winning Traders Win and over 2 million other books are available for Amazon Kindle . Learn more
£21.25
  • RRP: £26.99
  • You Save: £5.74 (21%)
FREE Delivery in the UK.
In stock.
Dispatched from and sold by Amazon.
Gift-wrap available.
Quantity:1
Trade in your item
Get a £5.32
Gift Card.
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Hedge Fund Market Wizards Hardcover – 22 May 2012


See all 6 formats and editions Hide other formats and editions
Amazon Price New from Used from
Kindle Edition
"Please retry"
Hardcover
"Please retry"
£21.25
£14.73 £14.38

Trade In Promotion


Frequently Bought Together

Hedge Fund Market Wizards + Market Wizards + The New Market Wizards: Conversations with America's Top Traders
Price For All Three: £45.33

Buy the selected items together


Trade In this Item for up to £5.32
Trade in Hedge Fund Market Wizards for an Amazon Gift Card of up to £5.32, which you can then spend on millions of items across the site. Trade-in values may vary (terms apply). Learn more

Product details

  • Hardcover: 544 pages
  • Publisher: John Wiley & Sons; 1 edition (22 May 2012)
  • Language: English
  • ISBN-10: 1118273044
  • ISBN-13: 978-1118273043
  • Product Dimensions: 16 x 4.2 x 23.6 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Bestsellers Rank: 83,322 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Author

Jack Schwager is a recognized industry expert in 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. 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. His prior experience includes 22 years as Director of Futures research for some of Wall Street's leading firms and 10 years as the co-principal of a CTA.

Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last two decades: Market Wizards (1989), The New Market Wizards (1992), and Stock Market Wizards (2001). The latest book in the series, Hedge Fund Market Wizards is due to be released in May 2012. Mr Schwager's first book, A Complete Guide to the Futures Markets (1984) is considered to be one of the classic reference works in the field. He later revised and expanded this original work into the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), 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 including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation. He holds a BA in Economics from Brooklyn College (1970) and an MA in Economics from Brown University (1971).

Product Description

Review

"A must–read for all would–be traders...while the book′s focus is clearly on trading and investing, there is more than enough human interest on offer for the general reader.... Like Schwager′s other works... Hedge Fund Market Wizards looks set to become a classic." ( Money Week , June 2012) "Offers valuable guidance and timeless insights for both investment professionals and market enthusiasts looking to improve their trading abilities by learning from the best." (trade2win.com, July 2012) "This book is destined to be a classic just like the others by Jack. But the latest goes one step further, these traders aren′t just at the top of their game, they have defined it. What can I say? This book was so good it almost made me want to get back into the game again!" —Paul Wilmott , mathematician and ex–hedge fund manager "Brilliant! Brilliant! Brilliant! Another book about true traders by a true trader. Jack Schwager has become the official author of traderdom for this and future generations. Not only does Hedge Fund Market Wizards deserve a spot in every respectable trader’s book collection, but the entire series should be read annually by both professional and aspiring traders. Timeless wisdom, priceless concepts!" — Peter Lewis Brandt , Futures Trader, Stableford Asset Management, and Author of Diary of a Professional Commodity Trader "I read Jack Schwager′s first Market Wizards book when I was just starting out as in investor more than 20 years ago. It put into brilliant focus the importance of trading psychology and knowing thyself. His latest work is yet another masterpiece. It brings to light new concepts in the world of investing that apply to all investors in today′s markets. Anyone who reads this work will immeasurably enrich themselves on many levels because trading is life and life is trading." — Dr. Chris Kacher , Founder of www.SelfishInvesting.com, and Author of Trade Like an O′Neil Disciple Author Jack Schwager seems to have built his career on the market wizardry of others. Based on this fourth wizard book—interviews with 15 hedge–fund managers who recount their careers and strategies—Schwager′s long experience with wizardry has served him well. Readers captivated by the hedge–fund mystique won′t be disappointed.  Readers looking for insight into exactly how successful hedge–fund managers achieve success will have plenty to chew over. Schwager attempts to boil down the interviews into 40 "Market Wizard Lessons." Examples: Value investing works. Position size can be more important than entry price. Sometimes it′s useful to do nothing.  But the one that may ring truest is this: There is no Holy Grail in trading. What works for one may not work for another, or for you. Fortunately for us, there′s a wide enough variety of portraiture in Hedge Fund Market Wizards that at least a few lessons should resonate. — Barrons.com “Determining how great traders acquire and use their special skills has been an elusive quest. We have no shortage of cookbooks on how to trade, but only a limited number of books describe the decision processes of those who speculate as a profession. Trader confessionals exist often as testimonies to egos, but few focus on the details of decision making. Material that does successfully capture the essence of how speculators think is the Market Wizards series by Jack D. Schwager…. Even in the interviews of well–known traders, Schwager’s probing questions extract many new insights.” —FAJ Book Review “Even in the interviews of well–known traders, Schwager’s probing questions extract many new insights. The Ed Thorp interview, which is the longest, is almost worthy of a book in itself.” —CFA Institute review  

From the Inside Flap

What makes a great trader? For years, financial industry expert Jack Schwager has picked the brains of remarkable individuals who have consistently beaten the markets to find out the answer. Now, in Hedge Fund Market Wizards: How Winning Traders Win , he talks with some of the world′s greatest hedge fund experts, highlighting the lessons to be learned from each so that you can apply their wisdom to your own trading. Over the past few decades, hedge funds have become an increasingly popular investment vehicle, but their explosive growth has made trading more competitive than ever. In Hedge Fund Market Wizards , Schwager shares with readers the invaluable lessons he learned from the fifteen traders profiled, which include some of the industry′s legendary figures, each of whom has compiled an exemplary return–to–risk record. From the founder of the world′s largest hedge fund to a manager going it alone, the traders interviewed in this book approach their field in radically different ways. But each of them has brought new and unique insights and developed distinct strategies that have allowed them to outperform the markets again and again. Just as he did in his previous bestsellers, Market Wizards and The New Market Wizards, Schwager asks the questions that get to the core of what makes a successful trader tick. Distilling forty essential lessons to be learned from the market luminaries it profiles, Hedge Fund Market Wizards offers valuable guidance and timeless insights for both investment professionals and market enthusiasts looking to improve their trading abilities by learning from the best.

Inside This Book (Learn More)
Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Search inside this book:

What Other Items Do Customers Buy After Viewing This Item?

Customer Reviews

4.6 out of 5 stars
5 star
5
4 star
4
3 star
0
2 star
0
1 star
0
See all 9 customer reviews
Share your thoughts with other customers

Most Helpful Customer Reviews

7 of 7 people found the following review helpful By Mr. P. Mcenerney on 2 Nov 2012
Format: Hardcover
I have read all of Schwager's Market Wizards book and actually think this is the best. I would give the other 3 books 4/5 stars also but I found this one more relevant to the current state of the markets, indices, bonds, forex and commodities. I looked forward each evening to reading more and then got the audio version to listen again. You must know that I read about 50 trading books at least per year and 45 of them will be rubbish with 4 being worth finishing and occasionally a rare gem. The variety of traders interviewed gave the book a more 'statistical trading' or 'quantitative' feel which suits my trading style. I was blown away with the quality of the interviews and although all of the wizard book have been excellently pursued I found this one particularly insightful. So far it rates second in my trading library to Reminiscences of a Stock Operator and I do not say this lightly. I was left wanting more when it was finished and wondering more about the various talented, prodigious and interesting individuals we are all trying to emulate. Happy reading (or listening)
1 Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
2 of 2 people found the following review helpful By S.Lewis on 1 Aug 2013
Format: Kindle Edition Verified Purchase
The best way to become great is by watching the masters at work and this text gives you a deep insight into many great traders' psychology and methodology as well as many anecdotes from the traders themselves. You feel as though you've just had an intimate conversation with some of the worlds greatest investors and they've answered all your niggling questions.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Hardcover
The book is a series of interviews with particular hedge fund managers that have the absolute best track records. Most of whom ran funds with a quantitative or statistical flavour. Schwager knows the subjects well enough to ask the right questions. The interviews seem natural although I suspect there has been a moderate amount of editing to ensure readability.

In short the book is highly readable and shouldn't cause any problems if you already have a fair grounding in the markets. Some of the terminology or concepts will sound esoteric to newcomers but I wouldn't say that the language nor much of the content is particularly abstruse. This book will appeal to those who enjoy reading about markets and/ or hedge funds, particularly those hedge funds that have run "obscure" strategies (this is more advanced than 'simple' equity long / short methods).

Content wise I'd say I learnt a lot about how each of the managers think, so a lot of the content was new to me. There is a lot of ideas to learn here and I now have a lot of extra reading I want to do in order to find out more. I've already started to read up more on interest rates.

My favourites: Colm O'Shea, Ed Thorp, Jamie Mai.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
By Prasanta on 9 Mar 2014
Format: Kindle Edition Verified Purchase
Jack D Schwager has done a great job in writing this book post 2008 era. It provides an insight current fund managers strategy and change in trend .
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again
Format: Kindle Edition Verified Purchase
Almost all the guys he interviews have something useful you can get . Usually you can get one or two interesting ideas in a book an later the autor repeats itself, but with this book you will get many ideas and as the profiles of the managers interviewed differs at least a few will match your trading style.
I miss some recomendations of books to read or advisors to follow that in previous wizzards schawger request to the managers, it looks like they just read Schwager books :)
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again


Feedback