What separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer this 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 in Market Wizards: Interviews with Top Traders.
This classic interview-style audiobook from a financial expert is a must-listen for 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 16 years.
One of the most insightful, best-selling trading books of all time! 16 interviews - all for one low price!
©2012 Jack D. Schwager (P)2012 Jack D. Schwager
I most definitely will read it again. This was by far the most educational book on trading I've read. It is also very motivating. I find that this, and Reminiscences of a Stock Operator the most important trading books to read. As you trade, you learn even more lessons by making the same mistakes as these traders have. You get so many life lessons here. The information may be dated but the psychology isn't - even in today's HFT ridden markets.
Each trader has a unique story. Each have earned a unique degree of success. I think the big kicker of this book is that you get so many different trader types and styles, sometimes even contradicting each other, but they are all successful. It goes to show that you need to find a style that suits your personality and there is not really a holy grail or one right way to trade. That alone is motivating and encouraging...You can even pick up tid-bits of traders that are most similar to you. I would definitely get this in audiobook form as it reads like two friends having a conversation throughout. You can tease more out of that than reading. None of the intonation/sarcasm is lost as the narrator himself has personal experience of the interviews. This was probably the best audiobook I've purchased thusfar.
His ability to convey the personality of his interview subjects. The book sounds like a conversation between two good friends with their vocal variety and intonation keeping you entertained.
I have over 500 books in my library
The superb insight and experience of the contents
Schwager because he knew exactly what questions to ask.
Well worth the money
Again I have over 400 books in my audio library and 95% of them are on stocks,finance,investing,economics.
This is one of the best one that I have bought ie’ the top 1%. I have been studying the stock market for about five years now and a how to book with insights and things a person can actually apply to their trading/investing tool box are very few and far between. This book is pure knowledge/experience of some of the great’s including Jack Schwager himself. For him to share his knowledge and that of traders/inverstors that have inspired him is truely a blessing. If you want your trading/investing to return dividends well worth the expense of this book and beyond this is definetly one that you will want to read/rememebr and apply!!!
When I read the info on the Audible Version of this book I thought it was current but the interviews are from the 1980s. Its well written and good basic advice but its way outdated. I don't know how others are rating it like they are
As a professional trader, I have read many books on the subject. Jack Schwager's are amongst the best. .
I was excited to see that Audible had released a recording of Market Wizards, however the narrator was very difficult to follow. He raced through the book like he was late for something without considering context or punctuation. I spent the first chapter trying to keep up with what he was saying, without being able to enjoy the story.
I ended up listing the entire book at .5 speed, which is something I have never done before. That didn't take as much getting used to as you might expect, because even at half speed, the tempo wasn’t much slower than it should have been if read normally. I prefer to enjoy my audiobooks at a normal reading speed that allows me to think through what I'm listening to.
Hedge Fund Market Wizards, which I have also listened to on Audible, did not have this issue.
To Fear or not to Fear
I haven't read the print version, not yet anyway.
It was a book of interviews, and I feel I learned a few things from each one.
No, I have not, but I am considering some of his other work.
I rarely listen for that length of time. This book flowed very well. When I was at the end of the audio, I wanted it to continue.
I will listen to this audio again. There were times where the information was a bit over my head, being a beginning trader, but that did not discourage me. I would rather have it that way, than the other. Also, this book I am pretty sure was not the "updated" version, which showed every once in a while, but don't let that dissuade you from listening.
Because these interviewees were some of the best traders of all time, I highly recommend this audio to anyone interested in investing, at any stage of the game.
Very dated. This is a collection of interviews from top traders from around 1990. I couldn't help but keep wondering how many of them got wiped out by the great recession. Certainly conflicting advice here with some pushing for technical analysis and others not, some pushing for holding for the long term and others flipping trades constantly.
The concept and the content are excellent. The performance is irritating. I'm shocked no one caught two things in particular: First, "Keynesian" is pronounced "Cane-see-an" not "Kensianism"! Anyone with some economics would know that. Second, there are several places where the studio conversation is not edited out and you can hear things like "reading the interview answers now, go".
highly recommended for any trader at any level. its probably one of the best book here
Gives very good choice and insight into top trader's head. You can learn great lot of information and get examples and base for creating your own style.
"Probably my favourite trading book."
Yes. It's a goldmine of great advice from a wide variety of successful traders who are extremely diverse in their styles and fields, but all have fascinating things to say. as I've learned and grown as a trader I've often found myself thinking "Oh yes that's what so-and-so said people do!"
Shows it's age in places when talking about pit trading and phone-broking, but the core of the book is about the psychology of a good trader. A real classic.
"A good book"
I do recommend this book, good story's and a good insight in to the way people trade must read it
"A peak inside the minds of sucessful traders"
Interesting, informative, comprehensive
A fascinating insight into the mind of traders who have developed their way of trading successfully
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