From bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from fifteen traders who’ve consistently beaten the markets. In contrast with the first two Market Wizard books, which included traders from a broad financial spectrum—stocks, bonds, currencies and futures—this volume will focus on traders in the stockmarket. His prior experience also includes 10 years as a partner in a hedge fund advisory firm and 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities.Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation. JACK D. SCHWAGER is a recognized industry expert on futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation. Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books.
The book features honest interviews with top traders and covers a wide variety of trading techniques, making it a must-have for aspiring traders. Perhaps the best testament to the continued relevance of Market Wizards in today’s markets is that so many of the managers I meet who read the original edition early in their careers make it required reading for new traders in their organization. His “Market Wizards” books are primarily interviews with the subject, and the original included 17 traders featured. His “Market Wizards” books are primarily interviews with the subject, and the original included 17 traders featured. World-renowned author and trading expert Jack D. Schwager joins forces with seasoned hedge-fund manager and trading historian George F. Coyle to uncover the secrets of today’s top traders.
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“One of the best books on investing you will ever own. If you want to succeed it makes sense to learn from the best. This book allows you to do that!…” Read more “…book yet but from what I’ve seen with great investors, it was worth the investment….” Read more Customers find the book worth the investment, with several noting it’s a great investing book and good price. “…providing valuable insights into their strategies, mindset, and approach to trading….” Read more
It all goes back to the importance of finding your own approach in the market. The interesting thing is that they always seem to mention a different trader. Readers will often tell me that a certain chapter was their favorite and by far the most important in improving their own trading. They listen to “experts” and chase trading fads instead of doing the hard work of developing their own methodology.
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Markets may change and the specific techniques or systems that work best may change, but the underlying core principles that lead to trading success stay the same. More than thirty years have passed since the first edition of this book market wizards series was released. Before he wrote the first of the “Market Wizards” series, he wrote “A Complete Guide to the Futures Markets” in 1984 and has since revised and updated the reference work several times. Schwager’s sixth “Market Wizards” book will likely be published in the second half of 2026, he said. Jack Schwager is adding another installment to his popular “Market Wizards” collection, the author told B-17. Still, he anticipates this will be the first book where some subjects remain anonymous.
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- Jack Schwager is adding another installment to his popular “Market Wizards” collection, the author told B-17.
- Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi—Mozarts of the markets?
- In The New Market Wizards, successful traders relate the financial strategies that have rocketed them to success.
- “…providing valuable insights into their strategies, mindset, and approach to trading….” Read more
But to offer one example, I believe that developing a trading methodology that fits your personality, as opposed to seeking someone else’s approach, is an absolutely critical element to succeeding as a trader. “Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the ‘Wizards’ are my friends―and Jack Schwager has nailed their modus operandi on the head.” –Martin W. Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi―Mozarts of the markets? The series has sold “well over a million copies,” according to a press release from a decade ago and before the publication of the fifth book in the series. Jack Schwager’s upcoming book will be the sixth installment in the “Market Wizards” series.
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- Customers find the book highly readable, describing it as a must-read for serious investors and new traders, with one customer noting it’s worth listening to multiple times.
- Successful traders develop a unique approach that gives them an advantage in 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.
- There are dashes of humour and revelations about the human side of trading throughout.The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their trading process.
This time around, he plans to do 12 interviews, including with some subjects who have been featured before. Before he wrote the first of the “Market Wizards” series, he wrote “A Complete Guide to the Futures Markets” in 1984 and has since revised and updated the reference work several times. An investor himself, Schwager has worked with different investment managers over the years, including as a partner at London-based fund-of-funds Fortune Asset Management, which was bought by Close Brothers Asset Management in 2006. He is co-writing the latest edition with financial writer and researcher George Coyle. Schwager’s sixth “Market Wizards” book will likely be published in the second half of 2026, he said. Jack Schwager is adding another installment to his popular “Market Wizards” collection, the author told Business Insider.
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Develop a toolkit of various techniques and apply them flexibly based on the specific trading opportunity. Recognize that staying out of the market is sometimes the best course of action. Maintain a list of potential trades that meet your criteria but aren’t quite ready for execution. “I always like to say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline.” Don’t rely on a single method or market. Diversify strategies.
The book’s exploration of traders’ mindsets and decision-making processes is particularly praised, making it a classic in the field of trading literature. While some find certain interviews less engaging, most consider it essential reading for aspiring traders. While maintaining consistency, traders should continuously refine their strategies based on changing market conditions and new information. Successful traders develop a unique approach that gives them an advantage in the markets.
From the electrical engineer from MIT whose computerized trading earned returns of 250,000% over sixteen years to the trader who, after wiping out several times, successfully turned a $30,000 investment into an $80 million fortune, Schwager identifies the factors that define a true Market Wizard. Featuring interviews with seventeen of the most successful market-beaters, including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michael Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin, Market Wizards is packed with real-life anecdotes from the trading world. Mr. Schwager is a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com), and a Co-founder of FundSeeder Investments (FundSeederinvest.com), which seeks to connect properly regulated traders with sources of investment capital. His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). 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.
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“…on their successes and failures as traders and their basic philosophies to trading. I definitely recommend reading if you are into trading.” Read more Customers praise the traders featured in the book, describing them as consistently profitable and providing valuable insights into their strategies. “This is a very good book, the only draw back is that the interviews are in the context of the markets as they were in and before 1990, when the book…” Read more Customers find the book highly readable, describing it as a must-read for serious investors and new traders, with one customer noting it’s worth listening to multiple times.
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Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer – no Kindle device required. There are dashes of humour and revelations about the human side of trading throughout.The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their trading process. In Market Wizards Schwager lets you hear, in their own words, what those super-traders had to say about their unprecedented successes, and he distils their responses down into a set of guiding principles you can use to become a trading star in your own right. The third in the bestselling Market Wizards series, this time focusing on the barometer of the economy—the stock market. Readers appreciate the diverse perspectives on trading strategies, risk management, and psychological aspects. Different markets and timeframes may require different analytical approaches.
Patience in waiting for high-probability trades pays off
“…Well worth the read if you’re serious about speculating….” Read more “…We felt it was great read and really enjoyed reviewing each section with one another to find out how we could implement different techniques noted…” Read more While some customers find the content timeless, others mention it feels somewhat dated. Customers consider it worth the investment and appreciate its motivational content, with one customer noting how it helps build confidence.
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“…This one is also a motivator. I have it on my re-read list for whenever I am approaching the wrong side of the equity curve. I love it….” Read more “amazing book, very inspirational” Read more “First and best of the Wizards series; inspiring and very informative…” Read more “…Highly recommended for its rich content and engaging interviews.” Read more
Jack D. Schwager is a frequent speaker at seminars, discussing trading strategies, investment fallacies, and trader characteristics. His other publications cover topics like technical analysis and futures markets. Schwager’s most famous works include the “Market Wizards” series, featuring interviews with top hedge fund managers.
