Rating: Summary: Another classic Review: Insightful interviews with the greatest traders & investors of our time. This one is much better than the Money Masters books. Market Wizards taught me that success in trading was more than just luck, as the efficient market people would say and my finance classes at Brown taught. There is skill, education, and a level of learned maturity involved. This is another book I re-read constantly to get inspiration and tips to succeed as an investor. I like this one better than the first book, since it's more applicable to today's markets.
Rating: Summary: Another classic Review: Insightful interviews with the greatest traders & investors of our time. This one is much better than the Money Masters books. Market Wizards taught me that success in trading was more than just luck, as the efficient market people would say and my finance classes at Brown taught. There is skill, education, and a level of learned maturity involved. This is another book I re-read constantly to get inspiration and tips to succeed as an investor. I like this one better than the first book, since it's more applicable to today's markets.
Rating: Summary: Not as good as the original but still worth buying Review: Jack Schwager is a great author. He asks very intelligent questions and seems to have a deep though un-intuitive knowledge of the futures game. (See the CRT interview, overly analytical people mask intuitive traits). The William Eckhardt interview is incredible and should be re-read many times over. This interview alone is well worth the price of the book. I have one major gripe with the author however. Schwager seemed to have had a serious lapse in judgement by including some of the traders that he did. There is no doubt that all the traders interviewed in the book are of high caliber but some definetly cannot be thought of as "Market Wizards". Who am I talking about? Linda Raschke, Tom Basso, Charles Faulkner maybe even Trader Vic. Who is very underrated? Jeff Yass, the man is the best options player around. Druckenmiller, Trout, and Eckhardt are as good as it gets.These legendary names should not be sullied by the inclusion of the above mentioned traders. Schwager left out some amazing traders, what about the people at Kenzie, Niederhoffer ( I know he blew out), Louis Bacon, John Henry, Willem Kookyer and Grenville Craig? Anyone ever heard of Jullian Robertson? Please Jack, if you ever write Market Wizards 3, try to include all or even some of these people. Not traders that you speak with at "Omega" conferences.
Rating: Summary: Not as good as Review: market wizards but still alot of info. Another must read!
Rating: Summary: A Treat Review: Mr. Schwager has written another true page turner. This book is book is both anectdotal and enjoyable, a relief from a heavy read.
Rating: Summary: great followup Review: Not as good as the original, but what sequel ever is? Still excellent. Read the first one, then pick up this one for more of the same good stuff.
Rating: Summary: Novice Trader Review: Plenty of role models here again in his "new" book. Top traders interviewed. Why are they successful? What makes a good trader good? Why do traders fail? Are successful traders trend followers or fundamentalists? Excellent coverage of traders in all markets. If you want to learn what works in trading, then read this book. If you want to find out if you have what it takes to be a successful trader, then read this book. You will also want to read, "Trend Following: How Great Traders Make Millions In Up Or Down Markets".
Rating: Summary: Another "must own" for traders! Review: Schwager is simply the best at relaying the strategies and philosophies of top traders. If you trade, buy it.
Rating: Summary: This book missed many great traders Review: Some of the richest and most succesfull traders were not presented in this book. Toby Crabel- for example is not listed here and the guy according to the hedge fund industry is the best money manager around.I read couple of his articles on Ebay and seriously he is gives much more detail than any of the Market Wizards.
Rating: Summary: A classic, too. As excellent as the first Review: Some readers comment that "The new" is not as good as the old. I strongly disagree with that. Schwager had tried to get the rest of the best in the market at the time to be interviewed and written about, like Vic Sperando, Stanley Druckenmiller, Richard Driehaus and some other big names. The problem is: the "stars" in the first book are just too bright, amongst all else, Paul Tudor Jones and Richard Dennis. Perhaps Schwager should have got Soros to meet the market expectation. BTW, two more tips: First, buy and read the Market Wizards before this. Second, dont get too carried away by the rosy pictures posed by these top traders and dont copy a bit from each of them. Know yourself and develop the trading strategy that fits you most unless you want to be those footstool of these wizards.
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