Book description
Praise for THE NEW MARKET WIZARDS
"Jack Schwager simply writes the best books about trading I've ever
read. These interviews always give me a lot to think about. If you like
learning about traders and trading, you'll find that reading this book
is time well spent." -Richard Dennis, President, The Dennis Trading
Group, Inc.
"Jack Schwager's deep knowledge of the markets and his extensive
network of personal contacts throughout the industry have set him apart
as the definitive market chronicler of our age." -Ed Seykota
"Very interesting indeed!" -John Train, author of The Money Masters
"Successful trading demands longtime experience because it requires
firsthand knowledge. If there is a shortcut to this requirement,
however, it is in reading about the experiences of others. Jack
Schwager's book provides that shortcut. If you find yourself sweating
upon occasion as you read, then you're as close to the trading
experience as you can get without actually doing it yourself."
-Robert R. Prechter, Jr., editor, The Elliott Wave Theorist
THE NEW MARKET WIZARDS
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 bestseller, 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?
In The New Market Wizards, these wildly successful traders relate the
financial strategies that have rocketed them to success, as well as the
embarrassing losses that have proven them all too human.
Meet the Wizards of Wall Street:
* Stan Druckenmiller, who, as manager of the Soros Quantum Fund,
realized an average annual return of more than 38 percent on assets
ranging between . 0 and . 5 billion
* William Eckhardt, a mathematician who, in collaboration with trader
Richard Dennis, selected and trained the now-legendary circle known as
the Turtles
* Bill Lipschutz, a former architect who, for eight years, was Salomon
Brothers' largest and most successful currency trader
* Blair Hull, a one-time blackjack player who began an options trading
company with
Asking the questions that readers with an interest in the financial
markets would love to pose to the financial superstars, and filled with
candid appraisals, The New Market Wizards takes its place as a classic.
Jack Schwager is a managing director and principal of The
Fortune Group, an alternative asset management firm regulated in the
UK and the United States. Schwager is the Senior Portfolio manager for
Fortune's Market Wizards Funds of Funds, a broadly diversified series
of institutional hedge fund portfolios. He also serves on the board of
Fortune's research affiliate Global Fund Analysis, a leading source of
independent hedge fund research. His prior experience includes 22
years as the director of futures research for some of Wall Street's
leading firms and 10 years as the co-principal of a commodity trading
advisory firm.
Mr. Schwager is perhaps best known as the author of the best-selling
Market Wizards (1989), and the equally popular The New Market Wizards
(1992). A third volume in this series, Stock Market Wizards, published
by HarperCollins, was released in early 2001. Mr. Schwager's first
book, A Complete Guide to the Futures Markets, which was published in
1984, is considered to be one of the classic reference works in the
field. More than a decade later he revised and expanded this original
work into the three-volume series, Schwager on Futures, consisting of
the following titles: Fundamental Analysis (1995), Technical Analysis
(1996), and Managed Trading: Myths and Truths (1996). He is also the
author of Getting Started in Technical Analysis (1999), which is part
of John Wiley's popular "Getting Started" series.
Mr. Schwager is a frequent seminar speaker and has lectured on a
range of analytical topics with particular focus on the
characteristics of great traders, hedge fund investment, performance
measurement, technical analysis, and trading system evaluation. He
holds a B. A. in Economics from Brooklyn College and an M. A. in
Economics from Brown University.
