This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words.
From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.
A candid assessment of each trader's successes and failures, in their own words, the book shows readers what they can learn from each, and also outlines 40 essential lessons - from finding a trading method that fits an investor's personality to learning to appreciate the value of diversification - that investment professionals everywhere can apply in their own careers.
Bringing together the wisdom of the true masters of the markets, Hedge Fund Market Wizards is a collection of timeless insights into what it takes to trade in the hedge fund world.
©2012 Jack D. Schwager (P)2012 Audible, Inc.
I like the question and answer format of the writing. Instead of an overlaid narrative (which there was some) the questions probed deeper in the theories behind why certain managers made the decisions they did. Also, moving from one subject to the next allowed for you to observe contrasts between the managers. No one style or investment process was favored in the book. It seemed as the writer wanted to illustrate the fact that there was no one key strategy that lead to success but there was underlying traits in each manager that was common to success.
I would say the book 'Quants' by Scott Patterson. It tells a similar story and the characters are the same so you almost feel familar with them.
Do the wizards interviewed have skill, or are they just lucky? We'll never know unless the author does a followup study a couple of decades from now. In either case, very little information presented in the book will help the average trader.
Yes. Just like all the Market Wizard books there is much insight that can be gained to help in trading.
The actionable ideas, the honesty of traders that had huge losses, and huge wins, and what they learned.
It was tough to determine at times (chapter 1 & 2) if he was asking the question or answering. Then in all the other chapters he changed is tone when asking questions and answering so it was more enjoyable.
Jack Schwager has an immense talent for interviewing successful people and distilling the lessons for the rest of us. Excellent choice of traders, Breadth of trading styles, and topics/questions - truly something for everyone.
The narrator helps the listener through the interviews by changing his tone and speaking style; the voice for Jack is consistent, and the voice of the interviewee changes, presumably to match the style of the actual person's voice. There are a few awkward mid phrase pauses here and there, but overall great presentation.
i recommend some background before this one though because it gets a bit technical. listen to other market wizard books 1st perhaps. they are all good.
What I like are the different hedge fund managers interviewed. I had to google majority of the people which I liked because I got to learn about people and different investment strategies.
What I dislike: I didn't want to the book to end.
It is a must read I think.
Really awesome. Many different views. I play it and replay it so the lessons go in.
Also the narrator is surprisingly good. He uses slightly different voices for the different interviews, but it isn't annoying, but helpful.
Mostly important for people who are pretty serious about markets.
started off hating this format (back and forth interview), but I decided to push through because the content is what I wanted to understand. in the long run, I liked this and have listened to it 2 times now.
Fascinating and full of little gems. In summary there is no one way and you just have to find your own way. Inspiring to hear other traders stories. Thanks to the author!
"Long overdue!! "
An invaluable source of knowledge and inspiration for all aspiring traders and hedge fund managers!
"an absolute revelation!"
a must read if you are interested in the stick market. Even if you are not and you are a generally curious person you will still find it interesting.
"One of the several greatest books about trading"
Schwager has done a really awesome job interviewing all these people and he knows how to ask questions. All of the interviewee are tremendously experienced people and they give lots of great advice.
"Excellent learning experience!"
Tight risk control
Edward Thorp, he is a legend in both trading and academic research. His thrilling stories in testing his theory at casinos were simply fascinating.
Clear and crispy.
No, the book is structured into multiply chapters for different interviews. Each interview has moderate length, hence could be listened in multiple sittings.
"Best book so far"
I have learnt a lot as it shows that dedication and Discipline with get you to reach your goal.
"Excellent book if your into trading!!"
Very interesting, insightful, perfect
Exactly what you would expect from the Market Wizards series!
This book will give you insight into how top hedge fund managers think, their trials and tribulations. The learning and development process they all went through. It is amazing to hear how much money they play with. Also interesting part of the book is one trader got fired and lost so much money so many times that you would have thought he would give up a career in the markets. He persisted in his endeavours and now manages a fund worth millions. Definitely worth a read or listen to, if your into trading.
"Another great one from Jack Schwager"
Top traders with some useful insights into their strategies.Schwager asks the right questions and gets some interesting answers. Each trader interviewed has a different approach yet all have success.
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