| Market Wizards | |
Paperback 1993 |
|
| Author | Jack D. Schwager |
|---|---|
| Language | English |
| Genre(s) | Finance |
| Publisher | HarperCollins |
| Publication date | 1993 |
| Pages | 480 |
| ISBN | ISBN 0-88730-610-1 |
Market Wizards is a book written by Jack D. Schwager and published in 1988 in which he interviews a wide range of traders with excellent track records of profitability. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Jack D Schwager is the author of the books Market Wizards, New Market Wizards, Stock Market Wizards, and English is a West Germanic language originating in England and is the First language for most people in the United Kingdom, the United States The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated Publishing is the process of production and dissemination of Literature or Information &ndash the activity of making information available for public view HarperCollins is a Publishing company owned by News Corporation. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Jack D Schwager is the author of the books Market Wizards, New Market Wizards, Stock Market Wizards, and Year 1988 ( MCMLXXXVIII) was a Leap year starting on Friday (link displays 1988 Gregorian calendar) In Finance, a trader is someone who buys and sells Financial instruments such as stocks, bonds and derivatives.
The book contains four parts covering interviews with traders in a wide range of markets. The interviews contain a mixture of facts about the trading careers of the interviewees, their philosophy, and many trading anecdotes. After each of the interviews, Schwager summarises what he believes are the key things to be learned from that particular trader. The book also contains a fifth part on the psychology of trading and two appendices on program trading and basic options theory. If you want to get some insights, by way of verbatim interviews, into the thought processes and trading rules. [1]
Among the notable investors profiled in this book are Ed Seykota, Bruce Kovner, Paul Tudor Jones, Michael Steinhardt and James B. Rogers. Edward Arthur Seykota (born August 7, 1946) is a commodities trader, who earned BSc degrees in both Electrical Engineering Bruce Stanley Kovner (born 1945 in Brooklyn New York) is an American Businessman. Paul Tudor Jones II (born September 28 1954 Memphis Tennessee) is a well-known Commodity trader Michael H Steinhardt (born in Brooklyn New York) is an American businessman and philanthropist active in Jewish causes For other uses see James Rogers (disambiguation. James B Rogers Jr
Contents |
Schwager kicks off the series of interviews-and hence the investigation into their thought process- by talking to a man he describes as one of the pioneers of commodity trading- Michael Marcus of Canmarc Trading Co. Michael Marcus is a commodities trader who in under 20 years is reputed to have turned his initial $30000 into $80 million His discussion with Marcus is typical of the book as a whole. The reader effectively eavesdrops on a conversation between the two men that starts with how Marcus got into the business and continues through subjects such as the skill necessary to become a good trader.
After the success of Market Wizards, Schwager in 1992 released a second book, The New Market Wizards, and then in 2001 a third book, Stock Market Wizards
Coyle, Dominick|Financial Times|April 2, 1990|The FT Review of Business Books;Masters of the universe