Market Wizards  (English, Paperback, Schwager Jack D.)

Market Wizards: Interviews with Top Traders is a compilation of the interviews of the world’s most successful traders, performed by the financial expert Jack D. Schwager.

Summary Of The Book

What is the secret mantra behind the success of leading traders? Are they born to be rich or do they have access to the secret knowledge of wealth creation? A renowned author and a noted financial expert, Jack D. Schwager, finds out the answers to these questions by delving into the minds of some of the best traders in the world. Divided into various sections, this book consists of interviews with various businessmen from different strata of markets, who showed admirable financial profits.

Originally published in 1988, Market Wizards: Interviews With Top Traders talks about stocks, investments, and securities. Each trader has a different story, and thus each interview consists of specific facts related to trading careers, business ventures, trading anecdotes, reports, and the trading philosophy of the interviewee. All these interviews point towards a successful formula for better financial revenues. This successful formula is to have a combination of solid methodology and proper mental attitude.

The first four parts of the book comprise interviews and at the end of each interview, the author summarizes the key points that can be acquired from that particular trader. In the fifth part, Schwager explains trading psychology. The next two parts are appendices that deal with basic options theory and program trading. Thus, Schwager presents the success stories of leading traders in their own words and also presents a gist of the interviews that can be used as a guiding principle to become successful in the trading world.

Market Wizards: Interviews With Top Traders is a bestselling classic work that has sold over 200,000 copies. It includes interviews of famous personalities such as James B. Rogers, Tom Baldwin, Bruce Kovner, Van K. Tharp, Michael Marcus, Michael Steinhardt, Ed Seykota, and Paul Tudor Jones. In his interviews, Schwager makes these top businessmen share their trading rules, approaches, and success secrets. And therefore, it is a highly beneficial book for aspiring traders as it offers valuable ideas straight from those who have made it big.

About Jack D. Schwager

Jack D. Schwager is a bestselling author, a financial expert in hedge funds, and a fund manager.

His other titles include Getting Started in Technical Analysis, Stock Market Wizards: Interviews With America's Top Stock Traders, The New Market Wizards: Conversations with America's Top Traders, Market Sense and Nonsense: How the Markets Really Work (And How They Don't), Technical Analysis, Futures: Fundamental Analysis, Smarter Trading: Improving Performance in Changing Markets, and Winning Methods Of The Market Wizards.

Born in 1948, Jack Schwager is an Economics graduate from Brooklyn College. He did his Master’s in Economics from Brown University. He was a partner in a hedge fund advisory firm called the Fortune Group. At present, he works with the ADM Investor Services Diversified Strategies Fund as a co-portfolio manager. He worked as the Director of futures research of Loeb Rhoades Hornblower for 22 years, where he worked for the top companies of Wall Street. He is also a seminar speaker and presents lectures on various analytical topics.