Unknown Market Wizards: The best traders you've never heard of (Hardcover)
REVISED PAPERBACK EDITION WITH NEW MATERIAL IN EVERY CHAPTER
Jack D. Schwager has returned to the traders to ask them how they navigated the unprecedented markets of 2020–2022, including the pandemic bear market, an abrupt reversal to new highs, rising inflation, and the emergence of another bear market.
All chapters updated with exclusive new interviews with the Unknown Market Wizards.
The Market Wizards are back!
Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results.
The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers.
Some of the stories include:
- A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout.
The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.
About the Author
Jack D. Schwager is a recognized industry expert on futures and hedge funds, and the author of the iconic Market Wizards series in which he interviewed many of the trading legends of our time. Previous books in the series include: Market Wizards (1989), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014). His most recent book, the revised edition of A Complete Guide to the Futures Markets, was published in January 2017. His other works include Market Sense and Nonsense (2013), Getting Started in Technical Analysis (1999), and the three-volume Schwager on Futures series (1995-96).
Mr. Schwager is a Co-founder and Chief Research Officer of FundSeeder, a firm that seeks to find undiscovered trading talent worldwide via its trader platform (FundSeeder.com). His prior experience also includes 10 years as a partner in a hedge fund advisory firm and 22 years as Director of Futures research for some of Wall Street’s leading firms, most recently Prudential Securities.
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. He holds a BA in Economics from Brooklyn College (1970) and an MA in Economics from Brown University (1971).
““Traders can learn a lot from these Market Wizards.”” —Howard Lindzon, cofounder, stockTwits
““Jack Schwager gets traders to open up. What about the unknown traders we never hear about? This book answers that question and gives rock solid inspiration we can all take to the bank.”” —Michael Covel, author, Trend Following and TurtleTrader
““Jack Schwager is a master at using interviews to create incredible stories that unveil the secrets of the world’s best traders in a way that is approachable to novices and experts alike.”” —Raoul Pal, CEO and cofounder, Real Vision Group
““I tell anyone interested in the market to read anything ever written by Jack Schwager.”” —JC Parets, Founder, Allstarcharts.com
““Trading wisdom is sprinkled throughout like gold dust. How did these traders achieve such remarkable results? Jack Schwager describes it all in this wonderfully readable and insightful addition to the Market Wizards series.”” —Joel Greenblatt, Managing Principal, Gotham Asset Management
““Jack Schwager has done it again ... fascinating and insightful.”” —Edward O. Thorp, Author, A Man for All Markets