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Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?
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.
What differentiates the highly successful market practitioners - the Market Wizards - from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers - a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.
First published in 1923, this lightly fictionalized biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. Listen to this work, featuring narrator Rick Rohan, and you'll soon discover your portfolio growing in new and unexpected ways!
The renowned Market Wizards author and Trader's Hall of Fame award winner presents a powerful workshop highlighting the most common traits and techniques of the super traders. This rare session can help investors of all skill levels become market masters.
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.
Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers. As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?
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.
What differentiates the highly successful market practitioners - the Market Wizards - from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers - a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.
First published in 1923, this lightly fictionalized biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. Listen to this work, featuring narrator Rick Rohan, and you'll soon discover your portfolio growing in new and unexpected ways!
The renowned Market Wizards author and Trader's Hall of Fame award winner presents a powerful workshop highlighting the most common traits and techniques of the super traders. This rare session can help investors of all skill levels become market masters.
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.
Want to take the financial journey to a new investing philosophy that might very well affect the rest of your moneymaking life? No one can guarantee the yellow brick road, but Michael Covel promises the red pill will leave you wide awake. Trend Following reveals the truth about a trading strategy that makes money in up, down, and surprise markets.
Maximizing the trader's state of mind is the key to successful results. Conflicts, contradictions, and paradoxes in thinking can spell disaster for even a highly motivated, astute and well-grounded trader. Mark Douglas, an industry consultant since 1982, sends the message that a "thinking strategy" will profoundly influence a trader's success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.
This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires. What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules.
The Alpha Masters brings the secretive world of hedge funds into the light of day for the first time. As the authority that the biggest names in the business go to before breaking major news, Ahuja has access to the innermost workings of the hedge fund industry. For the first time, in Alpha Masters, Ahuja provides both institutional and savvy private investors with tangible, analytical insight into the psychology of the trade, the strategies and investment criteria serious money managers use to determine and evaluate their positions, and special guidance on how the reader can replicate this success themselves.
Oxford professor and author Viktor Mayer-Schönberger joins Economist data editor and commentator Kenneth Cukier to deliver insight into the hottest trend in technology. "Big data" makes it possible to instantly analyze and draw conclusions from vast stores of information, enabling revolutionary breakthroughs in business, health, politics, and education. But big data also raises troubling social and privacy concerns sure to be a major talking point in the years ahead.
Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past 40 years to create unique results in both life and business - and which any person or organization can adopt to help achieve their goals.
Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle. Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game. Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders - some who focus on equities, others who deal in futures or foreign exchange - and examines the paths they've taken to capture considerable profits.
This updated edition of Inside the House of Money lifts the veil on the typically opaque world of hedge funds, offering a rare glimpse at how today's highest paid money managers approach their craft. Now with new commentary, author Steve Drobny takes you even further into the hedge fund industry. He demystifies how these star traders make billions for their well-heeled investors, revealing their theories, strategies and approaches to markets.
The hedge fund industry has gone through dramatic changes in recent years. Investors of all types continue to want to place their assets into these investment vehicles even in the wake of the credit crisis, massive frauds, and insider trading scandals. Once the forbidden fruit of Wall Street, hedge funds are now considered "must have" investments in any diversified portfolio. Now in its second edition, The Fundamentals of Hedge Fund Management is revised and updated to address how the credit crisis, legislation, fraud, technology, investor demand, global markets, and the economic landscape have affected the industry.
How many self-help books are written by authors whose biggest success is selling self-help books? Three Simple Steps is different. Despite stock market crashes, dot-com busts, and the specter of recession, the author started a virtual company from home, using a few thousand dollars of his savings. A few years later, without ever hiring an employee or leaving his home office, he sold it for more than $100 million. As the economy slipped into another free fall, he did this again with a company in a different field. He accomplished this through no particular genius.
The Acquirer’s Multiple: How the Billionaire Contrarians of Deep Value Beat the Market is an easy-to-follow account of deep value investing. The audiobook shows how investors Warren Buffett, Carl Icahn, David Einhorn, and Dan Loeb got started and how they do it. Author Tobias Carlisle combines engaging stories with research and data to show how you can do it too. Written by an active value investor, The Acquirer’s Multiple provides an insider's view on deep value investing.
In March 2006, the world's richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with Âmillion-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the founder of the hedge fund AQR Capital Management, and Boaz Weinstein, king of the credit-default swap.
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.
What did you love best about Hedge Fund Market Wizards?
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.
What other book might you compare Hedge Fund Market Wizards to and why?
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.
6 of 6 people found this review helpful
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.
3 of 3 people found this review helpful
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.
1 of 1 people found this review helpful
Initially hated the interview format, but grew to love it, and I will now look for similar books.
1 of 1 people found this review helpful
Super listen
I highly recommend it.
Great information.
Even an amateur like me understands the information and ideas in book
1 of 1 people found this review helpful
Would you listen to Hedge Fund Market Wizards again? Why?
Yes. Just like all the Market Wizard books there is much insight that can be gained to help in trading.
What did you like best about this story?
The actionable ideas, the honesty of traders that had huge losses, and huge wins, and what they learned.
Any additional comments?
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.
2 of 3 people found this review helpful
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.
6 of 10 people found this review helpful
Excellent content and lessons from both famous and less known traders/hedge fund managers.
However, because the narrator doesn't seem to have knowledge of financial markets, his pronunciations started to irritate me. I usually don't mind (my own verbal skills are not good at all), but hearing the same thing repeated over and over got old. Here's a small sample:
Arbitrage: He pronounced it "ar bi TRIDJ"
EBITDA: He would say each letter, "E-B-I-T-D-A"
BBB tranche: He would say each letter and say "B-B-B trANch" (Rhyming with branch)
Return/risk: he would say "return-slash-risk". And of course "risk/return" would be "risk-slash-return".
Financial terms are, of course, used constantly in the book. It is after all an investment book. And it just became tiresome hearing "arbiTRIDJ" etc over and over.
My only issue was that I wish the trader's name had been the Chapter title.
the narrator is the most boring and annoying one ive ever listened to. Therefore, I would not recommend this one.
Where does Hedge Fund Market Wizards rank among all the audiobooks you’ve listened to so far?
It was a good listen, certainly one of the better books I have listened to in the investments area.
What was one of the most memorable moments of Hedge Fund Market Wizards?
There were several good interviews I will likely listen once again.
What about Clinton Wade’s performance did you like?
He has done a good job reading the interviews. I liked that he tried to change his voice differently for each interview and when Schwager was talking.
Did you have an emotional reaction to this book? Did it make you laugh or cry?
Given the topic of the book, not really...
Any additional comments?
I would love if the older Schwager books would be available also here at audible...
I have read those long time ago and would certainly listen to them again.
Any additional comments?
I'm a huge fan of the Market Wizards series, and this sticks solidly to the core format: fascinating interviews with industry greats, presented and clearly summarized with a clear intention of making you a savvier trader. Loved the content.
Unfortunately this particularly book is a much harder listen than the others in the series because of the coma-inducing narrator. The entire book is read in an almost perfectly flat, lifeless monotone. The pace of reading is inexplicably slow, and totally lacks personality and colour. Real shame.
A very insightful and well written book. It is quite technical in places though and absolutely needs a narrator who himself has some understanding of the content so he knows how to communicate the equations and jargon that appear in the text. Overall I was still able to appreciate and enjoy the book but the poor narration made it a lot harder to get through.
An invaluable source of knowledge and inspiration for all aspiring traders and hedge fund managers!
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.
What made the experience of listening to Hedge Fund Market Wizards the most enjoyable?
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.
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!
1 of 2 people found this review helpful
I have learnt a lot as it shows that dedication and Discipline with get you to reach your goal.
Definitely recommend
If you could sum up Hedge Fund Market Wizards in three words, what would they be?
Very interesting, insightful, perfect
What other book might you compare Hedge Fund Market Wizards to, and why?
Exactly what you would expect from the Market Wizards series!
Was there a moment in the book that particularly moved you?
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.
Any additional comments?
Get it!
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.
1 of 2 people found this review helpful
Good narrator but the content was even better. Loved hearing the different trading styles from successful traders. Joel Greenblatt's style is close to mine, so to Jamie Mai. Great book
2 of 2 people found this review helpful