The Little Book of Market Wizards

Jack D. Schwager 지음

Wiley 2014년 01월 31일 출간

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An accessible look at the art of investing and how to adopt the practices of top professionalsWhat differentiates the highly successful market practitionersm-the Market Wizardsm-from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answersm-a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.In The Little Book of Market Wizards, Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world's best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results.Each chapter focuses on a specific theme essential to market successDescribes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own tradingFilled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skillStepping clearly outside the narrow confines of most investment books, The Little Book of Market Wizards focuses on the value of understanding one's self within the context of successful investing.

목차

Foreword by Peter L. Brandt xiPreface xvChapter OneFailure Is Not Predictive 1Chapter TwoWhat Is Not Important 9Chapter ThreeTrading Your Own Personality 15Chapter FourThe Need for an Edge 23Chapter FiveThe Importance of Hard Work 27Chapter SixGood Trading Should Be Effortless 35Chapter SevenThe Worst of Times, the Best of Times 41Chapter EightRisk Management 47Chapter NineDiscipline 61Chapter TenIndependence 69Chapter ElevenConfidence 73Chapter TwelveLosing Is Part of the Game 77Chapter ThirteenPatience 83Chapter FourteenNo Loyalty 93Chapter FifteenSize Matters 103Chapter SixteenDoing the Uncomfortable Thing 115Chapter SeventeenEmotions and Trading 125Chapter EighteenDynamic versus Static Trading 135Chapter NineteenMarket Response 145Chapter TwentyThe Value of Mistakes 157Chapter Twenty-OneImplementation versus Idea 163Chapter Twenty-TwoOff the Hook 167Chapter Twenty-ThreeLove of the Endeavor 173Appendix: Options&m-Understanding the Basics 177Notes 185About the Author 189

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저자(글) Jack D. Schwager

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JACK D. SCHWAGER is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. He is currently a principal of PortfolioFit (portfoliofitadvisors.com), an advisory firm that specializes in constructing tailor#45;made futures and FX managed account portfolios for clients, and the co#45;portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. Mr. Schwager is also one of the founders of Fund Seeder (Fundseeder.com), a platform designed to find undiscovered trading talent worldwide and connect unknown successful traders with sources of investment capital.Mr. Schwager is the inventor of the Jack Schwager Commodity Index (JSCI) family, a set of dynamically adjusted commodity indexes that incorporate spread structure, systematic inputs, and volatility#45;based risk adjustments. The indexes are scheduled to be launched in early 2014 in cooperation with Aquantum AG and UBS.Mr. Schwager is perhaps best known for his best#45;selling series of interviews with the greatest hedge fund managers of the last three decades: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), and Hedge Fund Market Wizards (2012). His latest book Market Sense and Nonsense, a compendium of investment misconceptions, was published in November 2012. He is also the author of the three#45;volume Schwager on Futures series and Getting Started in Technical Analysis. Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation.