Like its predecessor "Market Wizards", this book offers practical advice on investing from some of the most prestigious Wall Street professional in a personal, anecdotal style. With inside stories of both the brilliant successes and the self-inflicted failures experienced by some of the biggest traders and investors in the game, Jack Schwager shows even small investors how to avoid pitfalls and make the most of their money.
"Are great traders born or do they acquire their skills on the way up?...."
- Wall Street Journal
"Provides unique insight into the arcane world of currency trading as well as other fast-moving markets such as options and commodities."
- U.S. News & World Report
"Very interesting indeed."
- John Train, author of the Money Masters
"Should be required reading for anyone who selects managers for institutional or even personal portfolios."
- Futures Industry
Part I: Trading Perspectives
Misadventures in Trading
Hussein Makes a Bad Trade
Part II: The World's Biggest Market
Bill Lipschutz: The Sultan of Currencies
Part III: Futures - The Variety-Pack Market
Futures - Understanding the Basics
Randy McKay - Veteran Trader
William Eckhardt: The Mathematician
The Silence of the Turtles
Monroe Trust: The Best Return That Low Risk Can Buy
Al Weiss: The Human Chart Encyclopaedia
Part IV: Fund Managers and Timers
Stanley Druckenmiller: The Art of Top-Down Investing
Richard Driehaus: The Art of Bottom-Up Investing
Gil Blake: The Master of Consistency
Victor Sperandeo: Markets Grow Old Too
Part V: Multiple-Market Players
Tom Basso: Mr. Serenity
Linda Bradford Raschke: Reading the Music of the Markets
Part VI: The Money Machines
CRT: The Trading Machine
Mark Ritchie: God in the Pits
Joe Ritchie: The Intuitive Theoretician
Blair Hull: Getting the Edge
Jeff Yass: The Mathematics of Strategy
Part VII: The Psychology of Trading
Zen and the Art of Trading
Charles Faulkner: The Mind of an Achiever
Robert Krausz: The Role of the Subconscious