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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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Summary: The Best Trading Book I've Ever Read
Review: That's not necessarily true, the original ties "The New...". These books are awesome, they're the closest thing one can get to actually sitting for lunch with these traders. Philosophy is the key to trading success, and these two books are full of insights. Schwager really stumbled onto something.
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Summary: All too predicatble
Review: The New Market Wizards is all too predictable right from the start. It follows the same format, ask the same questions, and therefore it make it too similar to the first book "The Market Wizards".While it is still a good read, but I would recommend readers to buy the first book, rather than the sequel.
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Summary: how i made 2,000,000, , need in cd or audio authourDARVUS...
Review: the only books i am searching for are in audio and cd prefered; autours are lafever ,loeb,nicholas darves all on ivesting in stocks also the new wallstreets wizards would be good all must be in listening format.........
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Summary: Competent sequel which doesn't quite match the original
Review: This book effectively takes the same format as the original Market Wizards. I do not rate it as highly, firstly because I don't think the quality of the traders is quite as high (although they are still very good), and secondly I found the book did not add enough original concepts above and beyond those covered in the first volume. However, this book still contains some excellent interviews; William Eckhardt's discussion of trend-trading systems, and Stanley Druckenmiller's recollections on running the Quantum fund are particularly interesting. Interestingly, Schwager does cover some new ground by interviewing some arbitrageurs and options traders - although these sections are informative, they provide only limited information of use to the position trader/speculator. One grouch I have with this book, and the previous "Market Wizards", is its bias towards trend-following trading. Whilst this has proven an extremely profitable concept for many traders, i would have liked to hear more from contrarian speculators, as well as short-term traders in markets like US T-Bonds, where trend-following techniques are often not as effective as counter-trend trading. Also I would have liked to have seen interviews with some foreign traders - the thoughts of big traders at the Japanese banks on their stock/bond market turmoil in the 80s/90s, or the experiences of traders on the relatively new London Futures Exchange (LIFFE) would have added an interesting international perspective. Despite this I think Schwager has produced another good book, one well worth reading. Don't be put off if you are a novice - this was the first trading book I ever read, and although it didn't all sink in at once, I found it extremely interesting and informative.
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Summary: Almost as good.
Review: This book is almost as good as the first one. If you loved the first one, buy this one as well.
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Summary: Inspiring
Review: This book is inspiring with its tales of the successes (and failures) of real traders and how they manage to prevail over the market. Lots of trading ideas, especially for a novice, but this is certainly not a how-to book. if you are already trading, this book will certainly improve your worldview of the market.
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Summary: Same as the first book but still fun
Review: This book is just like the first book "Market Wizards" but more of the great traders. Not a whole lot of information on how to, but more of an example of what others have done. Very enjoyable to read, I couldn't put it down.
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Summary: If you want to know what the outstanding brokers do
Review: This book is just one of the best a broker can read. Strange histories about the best brokers in the world, how do they think, what mistakes have they done (from what you can learn), what characters does an excellent broker have, when will you certainly lose in the markets, etc. Every featured character is an individuum, but they all have something in common. A must read!
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Summary: Get into the minds of the greatest traders of our time!
Review: This book provided me with an excellent way of getting into and understanding the thought processes of the greatest traders of our time. From Trader Vic to Stanley Druckenmiller, every interview contains great gems that we could apply to our everyday trading. Don't miss it!
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