The Investment Classic from Jack D. Schwager, Market Wizards, is back with a brand new, never-before-seen Preface and Afterword from the author!"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 thecentral 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."—Nassim N. Taleb, former derivatives trader, author of The Black Swan, and professor, NYU-PolyWhat separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer tis question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more inMarket Wizards: Interviews with Top Traders, now in paperback and ebook.This classic interview-style investment text from a financial expert is a must-readfor traders and professional financiers alike, as well as anyone interested in gaining insight into how the world of finance really works.Filled with anecdotes about market experiences, including the story of a trader who after wiping out several times, turned $30,000 into $80 million and an electrical engineer from MIT whose computerized trading has earned returns of 250,000 percent over sixteen yearsIdentifies the factors that define a successful traderNow availabe as in digital formats.One of the most insightful, bestselling trading books of all time. INDICE: Preface to the Paperback Edition ixPreface xvAcknowledgments xviiPrologue xixMy Own Story xxiPart I Futures and Currencies 1Taking the Mystery Out of Futures 3The Interbank Currency Market Defi ned 7Michael Marcus: Blighting Never Strikes Twice 9Bruce Kovner: The World Trader 51Richard Dennis: A Legend Retires 83Paul Tudor Jones: The Art of Aggressive Trading 115Gary Bielfeldt: Yes, They Do Trade T-Bonds in Peoria 139Ed Seykota: Everybody Gets What They Want 151Larry Hite: Respecting Risk 175Part II Mostly Stocks 193Michael Steinhardt: The Concept of Variant Perception 195William O’Neil: The Art of Stock Selection 221David Ryan: Stock Investment as a Treasure Hunt 239Marty Schwartz: Champion Trader 257Part III A Little Bit of Everything 281James B. Rogers, Jr.: Buying Value and Selling Hysteria 283Mark Weinstein: High-Percentage Trader 321Part IV The View from the Floor 343Brian Gelber: Broker Turned Trader 345Tom Baldwin: The Fearless Pit Trader 367Tony Saliba: "One-Lot" Triumphs 385Part V The Psychology of Trading 405Dr. Van K. Tharp: The Psychology of Trading 407The Trade: A Personal Experience 429Postscript: Dreams and Trading 435Final Word 439What I Believe 22 Years Later 441Appendix 1: Program Trading and Portfolio Insurance 453Appendix 2: Options—Understanding the Basics 455Glossary 461Excerpt: Edward Thorp 473
- ISBN: 978-1-118-27305-0
- Editorial: John Wiley & Sons
- Encuadernacion: Rústica
- Páginas: 512
- Fecha Publicación: 23/02/2012
- Nº Volúmenes: 1
- Idioma: Inglés