Rating: 
Summary: The value of the book depends on what you are looking for
Review: I liked the book. If your goal is to glean additional nuggets of information that can improve your investing or trading, then you will likely find it interesting as well. The cover price + my time vs. the benefit works out favorably, despite valuing my time highly. Few books containing information on market participants will give you real information - if someone's successful there is simply no motivation to allow people a full understanding of everything you do. The book reads similar to marketing interviews, and experienced market participants should be able to read between the lines and understand much of what is being done. This may not have been as informative as MW & NMW, but look at the other available sources information... There's not a lot of information. You rarely see interviews with successful traders because they don't need the capital.
Rating: 
Summary: Terrific page-turner of a book
Review: I loved this book, and think that Schwager has successfully honed his interviewing skills over time, so that this one ended up superior to the earlier books in the series. The first chapter is one of the most colorful, as Mr. Schwager talks shop with Stuart Walton, who manages $150 million as the principal of Reindeer Capital, in San Francisco. To call him the "principal" is something of an understatement. Except for a part-time secretary, he IS Reindeer. Even Mr. Schwager's first question, about the name of that fund, elicits a fascinating anecdote. It seems that Mr. Walton's great-grandfather, William Gladstone Walton, received the nickname "Reindeer" from his neighbors in northern Quebec. One year (apparently 1920, although this is left indefinite), forest fires destroyed most of the vegetation and game of the region, and threatened the Indian and Eskimo population with starvation. William G. Walton convinced the Canadian government to finance a scheme of his to lead a herd of reindeer (plentiful in Alaska) across the north of the country into the deforested part of Quebec. The project took him five years, 1921-25, because reindeer are not cattle-moving only when they want to move-but he did succeed, introducing a substantial herd into Quebec, one that has flourished there ever since, and he became a local hero. "I tell people that my great-grandfather added more value to society than I ever will," said Mr.Walton, in concluding his explanation of his fund's name. I think he was being too modest there. Of course, an effective trader adds value to society without having to herd Donner and Blitzen through the arctic to do it-by getting investment capital into the hands where it will prove most productive, by helping a variety of enterprises manage their inevitable risks, and by contributing to the financial independence of his clients.
Rating:
Summary: Best All-Around Book on Trading
Review: This is the best book on equities trading that I've seen. It is appropriate for people at all levels, from beginners to seasoned professionals. In my opinion, not only is it better written than Jack Shwager's other books, but it is also far more helpful, especially for those primarily interested in the equities markets, although his other books may be better suited for futures traders. Even to a greater extent than Shwager's other market wizard books, this book provides a great deal of insight into the thought processes of successful traders, and an understanding of what gives them an edge. The interviews with Michael Lauer and Ahmet Okumus provide tremendous insights into certain factors critical to successful value investing, while those with Stuart Walton and Mark Minervini provide incredible glimpses of how to prosper in growth investing. Complementing these approaches is that of Dana Galante, who, incredibly, had stellar results during a bull market operating exclusively on the short side! All of the interviews in this book penetrate to the very depths of some extremely important topics, including stock market strategy, portfolio management, risk management, and how to determine the future prices of stocks. To provide an important example regarding this last topic, specifics are provided as to how to anticipate a catalyst that would be likely to cause a stock to turn around. In fact, what this book has to say about market catalysts is one of its srongest features. This is particularly true of the interviews with Stuart Walton, Michael Lauer, Dana Galante, Mark D. Cook, Micahel Masters, and John Bender. I did not see this crucial emphasis in the earlier market wizard books, nor have I seen it emphasized in most other books on trading. In the interview with Dana Galante, for example, it is mentioned that in order to find appropriate candidates for shorting, one must do more than simply find growth companies that are overvalued or that have high receivables, or that have a change in accountants or a high turnover in CFOs. These things in themselves are not enough. There must also be a catalyst that will reverse the direction of the stock's price. In the interview, specific pointers are provided as to how to anticipate such a catalyst. For example, Galante looks for companies with slowing revenue growth which have kept their earnings looking good by cutting expenses, since, in such a situation, "usually, it's only a matter of time before their earnings growth slows as well." Another thing that Galante looks for is a company that is doing well, "but has a competitor creeping up that no one is paying attention to." The other interviews also provide many specifics as to how to spot reversals in a trend. For example, Stuart Walton pointed out in his interview that one key to spotting an impending reversal would be a situation in which the market is not responding to data correctly. At one point he says of this, "If there is additional bearish news and the market doesn't go down, then I really go nuts." In other words, if strongly bearish news that is unexpected is still not sufficient to cause the market to go down, then the market is obviously incredibly robust, showing signs of a strong bias toward the upside. I really haven't see too many other books on trading containing such a wealth of shared experience of veteran equities traders. While the development of good trading skills inevitably takes a great deal of time, it would seem to me that the amount of time that it takes can be reduced significantly by studying this book and acting according to its principles, intelligently applied.
Rating: 
Summary: Good, but not as good as the first two
Review: Again, Schwager delivers an interesting collection of insights from successful managers. However, in this installment, one has to wonder how much of these managers' success was determined by the "print-money" era of the Nineties.
Rating:
Summary: Perspective Of The Few
Review: This book was extremely interesting considering the perspective of those interviewed. Whether you are interested in futures or stocks, these are the top market "Wizards" of our day. For the trader or investor; it provides advice and perspective that one could not pay for. Highly recommended for anyone in the markets at any level.
Rating: 
Summary: A lousy book
Review: Nothing worthwhile reading, let alone paying money.
Rating:
Summary: Unworthy of being associated with the prior "Wizards" books
Review: Mr. Schwager apparently needs to keep churning out more "Market Wizards" books in order to pay for his swank Martha's Vineyard address. Other than a few nuggets of trading/investing strategy contained in a couple of the interviews, this book has virtually no value to the individual trader or investor. The majority of the interviews are with fund managers who manage hundreds of millions or billions of dollars, and whose trading strategies and access to information and CFO's are not applicable to the individual. Many of the interviews are with individuals who practice arcane strategies involving financing packages or interest-rate hedges with corporations designed to essentially eliminate any market risk. These strategies are of absolutely no value to the individual trader/investor. In one interview, the person not only refused to discuss any of his trading strategies or techniques, but also refused to even discuss what markets he traded. This of course immediately begs the question of why this interview was included in the book. The author could have easily found many stock traders who trade for their own account, and whose trading strategies would have been of significant interest to the average reader. He fails almost completely in this regard. What a waste.
Rating:
Summary: Not nearly as good as the first two Market Wizards' book
Review: This book seems like it was rushed to press. It's not nearly as in depth as the other two Market Wizard books. And the interviewees seem to suffer from "Survivoritis." They know they are being watched and read now and they guard their words so carefully as to make the interviews pretty much worthless. I have read the first two Wizards again and again and this book is nowhere near their quality. Avoid!
Rating:
Summary: Not as good as the market or new market wizards
Review: Loved the market wizards series but this one is a little dry , not nearly as good as the other two, not even close .
Rating:
Summary: Experience - best way to make money
Review: Once again Jack Schwager does a great job of identifying the best money managers in the world, and clearly identifying their precise strategies for excellance. Schwager's best attribute is his ability to distill the precise principals followed by the money managers he profiles. These principals are set forth in a straightforward manner, and can be easily digested by the novice. An added benefit from this book is the ability to capitilize on the further success that will be achieved by the money managers that are being profiled. Perhaps the best example of this is the chapter entitled "Eliminating the Downside - Claudio Guazzoni." By doing a little more research on Mr. Guazzoni I learned he was currently running a publicly traded entity, Planet Zanett (Nasdaq:INCU), and that for the first time any reader of the Schwager book could buy INCU stock and profit from Mr. Guazzoni's experience.
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