Market Wizards
Interviews with Top Traders Updated
Paperback Engels 2012 9781118273050Samenvatting
The world′s top trader′s reveal the secrets of their phenomenal success!
How do the world′s most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural–born virtuosi Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success. 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.
Features interviews with superstar money–makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more
Tells the true stories behind sensational trading coups, including the one about the trader who turned $30,000 into $80 million, the hedge fund manager who′s averaged 30% returns every year for the past twenty–one years, and the T–bond futures trader who parlayed $25,000 into $2 billion in a single day!
"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. Zweig, Ph.D., Editor, The Zweig Forecast
Specificaties
Lezersrecensies
Inhoudsopgave
<p>Preface xv</p>
<p>Acknowledgments xvii</p>
<p>Prologue xix</p>
<p>My Own Story xxi</p>
<p>Part I Futures and Currencies 1</p>
<p>Taking the Mystery Out of Futures 3</p>
<p>The Interbank Currency Market Defi ned 7</p>
<p>Michael Marcus: Blighting Never Strikes Twice 9</p>
<p>Bruce Kovner: The World Trader 51</p>
<p>Richard Dennis: A Legend Retires 83</p>
<p>Paul Tudor Jones: The Art of Aggressive Trading 115</p>
<p>Gary Bielfeldt: Yes, They Do Trade T–Bonds in Peoria 139</p>
<p>Ed Seykota: Everybody Gets What They Want 151</p>
<p>Larry Hite: Respecting Risk 175</p>
<p>Part II Mostly Stocks 193</p>
<p>Michael Steinhardt: The Concept of Variant Perception 195</p>
<p>William O Neil: The Art of Stock Selection 221</p>
<p>David Ryan: Stock Investment as a Treasure Hunt 239</p>
<p>Marty Schwartz: Champion Trader 257</p>
<p>Part III A Little Bit of Everything 281</p>
<p>James B. Rogers, Jr.: Buying Value and Selling Hysteria 283</p>
<p>Mark Weinstein: High–Percentage Trader 321</p>
<p>Part IV The View from the Floor 343</p>
<p>Brian Gelber: Broker Turned Trader 345</p>
<p>Tom Baldwin: The Fearless Pit Trader 367</p>
<p>Tony Saliba: "One–Lot" Triumphs 385</p>
<p>Part V The Psychology of Trading 405</p>
<p>Dr. Van K. Tharp: The Psychology of Trading 407</p>
<p>The Trade: A Personal Experience 429</p>
<p>Postscript: Dreams and Trading 435</p>
<p>Final Word 439</p>
<p>What I Believe 22 Years Later 441</p>
<p>Appendix 1: Program Trading and Portfolio Insurance 453</p>
<p>Appendix 2: Options Understanding the Basics 455</p>
<p>Glossary 461</p>
<p>Excerpt: Edward Thorp 473</p>
Anderen die dit kochten, kochten ook
Rubrieken
- advisering
- algemeen management
- coaching en trainen
- communicatie en media
- economie
- financieel management
- inkoop en logistiek
- internet en social media
- it-management / ict
- juridisch
- leiderschap
- marketing
- mens en maatschappij
- non-profit
- ondernemen
- organisatiekunde
- personal finance
- personeelsmanagement
- persoonlijke effectiviteit
- projectmanagement
- psychologie
- reclame en verkoop
- strategisch management
- verandermanagement
- werk en loopbaan