Stock Market Wizards : Interview With America's Top Stock Traders

Wouldn’t you love to sit down with some of the world’s most successful investors and find out how they do it? Just how do they make millions of dollars a year—or even in hours? And how do they come back from just as colossal losses? Market expert Jack D. Schwager interviews some of the industry’s most successful traders, including: MARK MINERVINI —a junior high school dropout who averaged a 220 percent annual return in five years, while keeping his maximum quarterly loss to a fraction of one percent. MARK COOK —a Midwestern farmer who registered back-to-back annual gains of 563 and 322 percent in national trading contests. STEVE LESCARBEAU —whose computerized model earns him an average of 70 percent per year with an incredibly low down of only 3 percent. Shcwager asks the questions we want answers to—then pulls it all together and distills the essential advice and insights into a list of 64 invaluable market lessons for both novices and market professionals alike. What Separates the World’s most successful investors from ordinary investors, and even the vast majority of professionals fund managers? In the third book of the best-selling Market Wizard series, acclaimed trading expert Jack D. Schwager digs into the psyches, strategies, and true accounts of 12 legendary traders who survived the most dynamic bull market in U. S. stock history—as well as a collapse in commodity prices, dramatic failures in some of the world’s leading hedge funds, the burst of the internet bubble, and a fall into recession and the subsequent rumblings of recovery. What lessons can the average trader or investor learn from these exceptional traders? In lively interviews with his all-start lineup, Schwager brings you true stories, invaluable market lessons, and the inside scoop on how to ride the bull, battle the bear, and still come out on top. Mr. Schwager is a recognized industry expert in futures and hedge funds and has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last two decades: Market Wizards (1989), The New Market Wizards (1992) Stock Market Wizards is the most recent in the series.