Hedge Fund Market Wizards

By: Jack D. Schwager

Narrated by: Clinton Wade

Length: 16 hrs and 15 mins

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.

An indepth vew into Hedge Fund managers

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

Great audiobook for anyone interested in trading

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

Information

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

Great Perspective on Trading

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

Great information - well worth the time!!

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

Insights and Insights

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

Somewhat entertaining

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

Great content! But...

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.

Excellent audiobook

My only issue was that I wish the trader's name had been the Chapter title.

The narrator is so boring

the narrator is the most boring and annoying one ive ever listened to. Therefore, I would not recommend this one.

Good, as expected from Schwager

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.

Another great Schwager book, poor narrator.

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.

Great book, wrong narrator

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.

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

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.

Brilliant book

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

Best book so far

I have learnt a lot as it shows that dedication and Discipline with get you to reach your goal.

Definitely recommend

Excellent book if your into trading!!

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!

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.

1 of 2 people found this review helpful