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Hedge Fund Market Wizards | [Jack D. Schwager]

Hedge Fund Market Wizards

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.
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Publisher's Summary

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.

  • Presents exclusive interviews with 15 of the most successful hedge fund traders and what they've learned over the course of their careers
  • Includes interviews with Jamie Mai, Joel Greenblatt, Michael Platt, Ray Dalio, Colm O’Shea, Ed Thorp, and many more
  • Explains 40 key lessons for traders
  • Joins Stock Market Wizards, New Market Wizards, and Market Wizards as the fourth installment of investment guru Jack Schwager's acclaimed best-selling series of interviews with stock market experts

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.

What Members Say

Average Customer Rating

4.5 (282 )
5 star
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4 star
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4.6 (241 )
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Story
4.3 (244 )
5 star
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4 star
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3 star
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2 star
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1 star
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Performance
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  •  
    Gustavo B. Sisti Sao Paulo - Brazil 01-31-15
    Gustavo B. Sisti Sao Paulo - Brazil 01-31-15 Member Since 2015
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    "Schwager,as always, do not let you go until finish"
    Would you listen to Hedge Fund Market Wizards again? Why?

    AMAZING ! I read all other Market Wizards. This one is as good as others. Reforced my Ray Dalio's admiration.


    Which character – as performed by Clinton Wade – was your favorite?

    Ray Dalio


    Any additional comments?

    Worth 1000 times each cent spent.

    0 of 0 people found this review helpful
  •  
    Soap Maker 11-05-14
    Soap Maker 11-05-14
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    "Worth listening to"
    Where does Hedge Fund Market Wizards rank among all the audiobooks you’ve listened to so far?

    This is probably the most useful audiobook I have listened to so far. You get a lot of interesting, and sometimes conflicting perspectives from the various fund managers that were interviewed. Each manager has their own advice to give based on what has worked for them, but the key is that it worked for them and would not necessarily work for another fund manager.


    Who was your favorite character and why?

    My favorite interview in this book is with Kevin Daly since his approach aligns most with my own inclinations.


    What about Clinton Wade’s performance did you like?

    I like the way that the narrator adjusts his pace and tone to reflect the characters of the different fund managers that were interviewed.


    What insight do you think you’ll apply from Hedge Fund Market Wizards?

    -Determine what approach to trading best suits you as a trader-Stop doing what doesn't work, do more of what works


    Any additional comments?

    I have read 'Market Wizards' and 'The New Market Wizards' and I think that this newer book is worth reading also. The interviews reinforce some of the insight from the earlier books while adding context from the 2008 market crash and plenty of fresh insight.

    0 of 0 people found this review helpful
  •  
    Tim Z FAIRFAX, VA, United States 09-09-13
    Tim Z FAIRFAX, VA, United States 09-09-13 Member Since 2014
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    "Just love this audio book"
    What did you love best about Hedge Fund Market Wizards?

    From general to specific tips on investing, this book got it all. The interviewer is thorough with his line of questions that he was able to extract the most useful information about investing. Some of the specific ideas are a bit over my head since I'm just starting to learn, but the general ideas are just superb. Moreover, listening to the real technical stuff is making me feel like I'm more knowledgeable about investing in general, even though the first 4 chapters (that's how far I am in the book) dealt mostly with macro economics, and credit, fixed income, & FX markets. These hedge fund managers are brilliant, makes me jealous, haha.


    1 of 2 people found this review helpful
  •  
    Jason 07-27-13
    Jason 07-27-13
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    "Great insight into the HF manager's experience"
    Where does Hedge Fund Market Wizards rank among all the audiobooks you’ve listened to so far?

    I would say this would rank behind to Market Wizards but it's currency/recency makes up for it. Market Wizards is definitely in my top 3 trading books.


    What did you like best about this story?

    Ray Dalio's insight on the world is amazing, I like his perspective on leveraging/deleveraging and inflation/deflation. It basically predicts our course via his historical knowledge. I also picked up great trading tips such as predefining your risk from putting a stop in an area that would get hit ONLY if you are wrong and THEN decide your position size based on the losses incurred from that stop. There are many gems like this and many perspectives and interesting autobiographies.


    What about Clinton Wade’s performance did you like?

    Narration felt boring at first but then it grows on you as you see more vocal variety. I still like Jack D. Schwager's narration of his own Market Wizard's book more. It sounded more 'chummy/unique?', but of course, no one can narrate a book as well as its author as they met with the characters personally.


    What insight do you think you’ll apply from Hedge Fund Market Wizards?

    Definitely the risk management techniques.
    I would also look further in Ray Dalio's work, he has a 120 pager he makes his employees read.


    Any additional comments?

    N/A

    0 of 0 people found this review helpful
  •  
    Evelyn New York, NY 05-02-13
    Evelyn New York, NY 05-02-13 Member Since 2014
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    "Insightful interviews with hedge fund managers"
    What did you love best about Hedge Fund Market Wizards?

    Not every interview is for everyone, but if you have even the slightest interest in the markets, you'll find many useful insights in this inspiring volume.


    0 of 0 people found this review helpful
  •  
    Rob P Tomball, TX 03-23-13
    Rob P Tomball, TX 03-23-13
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    "A lot of great ideas and advice"
    Would you recommend this audiobook to a friend? If so, why?

    Offers several different perspectives on being successful in the market. You are sure to take away a few nuggets about successful investing.


    Any additional comments?

    Great book to generate investing ideas and hear how the pros have done it.

    0 of 0 people found this review helpful
  •  
    Jonathan Levitats Herzlia, Israel 03-11-13
    Jonathan Levitats Herzlia, Israel 03-11-13 Member Since 2015
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    "Book is great, narrator is really poor"
    If you could sum up Hedge Fund Market Wizards in three words, what would they be?

    great to hear the story of large hedge funds managers


    What other book might you compare Hedge Fund Market Wizards to and why?

    the new market wizards


    How could the performance have been better?

    the narrator could have been much better - less boring


    Was this a book you wanted to listen to all in one sitting?

    no way, too boring narrator


    1 of 2 people found this review helpful
  •  
    D. Berman Florida 01-03-13
    D. Berman Florida 01-03-13 Member Since 2015

    Doug

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    "As a big Jack Schwager fan, this one falls short"
    Would you try another book from Jack D. Schwager and/or Clinton Wade?

    I've worked in the financial services industry for about 20 years and have read and recommended Market Wizards and New Market Wizards countless times. However, this book, which follows the same format, falls very, very short due to its horrible narration. Clinton Wade obviously knows nothing about the business as he cannot correctly pronounce arbitrage or muni. It's very distracting to listen to someone repeatedly say arbitrij and moonie. He does however change his voice somewhat effectively from question to answer, but his tone is so docile, it can lull you to sleep. I listen to books while I drive and over the years have listened to hundreds. Books on trading are at the top of my list and this one just fell so short. To be fair though, I read his other books, so I will read this and try to get past the horrible narration.


    How did the narrator detract from the book?

    Dull, slow, littered with mispronunciations and just an overall poor choice of narrator.


    0 of 0 people found this review helpful
  •  
    Eric T. Cowan Austin, TX 11-03-12
    Eric T. Cowan Austin, TX 11-03-12 Member Since 2015
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    "Interview Transcripts"
    What could have made this a 4 or 5-star listening experience for you?

    This book is just a transcript of several interviews. Thank goodness the people being interviewed have lively stories. The book literaly says Hello Mr X. Tell me about x..... then a response, then a question, and on and on. Not even an attempt at a story line. There are chapter summaries at the end of each chapter too with highlights. If you want to read this book, get the print versions and skip to the summaries. The rest is best for skimming only.

    To make an audio version better, there would need to actually be a plot or story. Something that allowed the chapters to flow together and not be an anthology of interviews. There is no context to make me care about what these people say


    What could Jack D. Schwager have done to make this a more enjoyable book for you?

    Provide more background to market conditions, sense of common time and place, etc... The book Quants covered similar events in a much more enjoyable fashion. It had pace and urgency that an interview transcript really lacks.


    Would you be willing to try another one of Clinton Wade’s performances?

    Probably, he did well considering the format of the book.


    If you could play editor, what scene or scenes would you have cut from Hedge Fund Market Wizards?

    There is no cohesion between chapters. Each chapter is like, meet Mr X. Mr X tell me about your investing strategy.... Q&A, Q&A, Q&A, over and over again. Difficult to listen to. Probably ok to skim read, but not for the car ride listen.


    3 of 7 people found this review helpful
  •  
    Jon Concord, , CA, USA 12-02-13
    Jon Concord, , CA, USA 12-02-13 Member Since 2013
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    "There Is Not Just One Way To Succeed"
    Any additional comments?

    The title is the main premise of this excellent book. The writer does an outstanding job reviewing, through personal interviews, the varied investment strategies of a handful of famous traders. It was amazing to me that the writer was able to get interviews with all of these people, and that they appeared to be quite open about their general investment philosophies. Equally amazing was that while all were extremely successful, many had very different attitudes and styles of investing. The author summarizes his findings in the end. Other than the title of this review, the other consistent theme, although not universal, was that these hedge fund managers stick with their trades, even when they are going against them. Well worth the read.

    0 of 1 people found this review helpful

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