Synopsis
Revised edition with exclusive interviews and new material in every chapter covering the unprecendented pandemic bear market, an abrupt reversal to new highs, and rising inflation.
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 here is that the featured traders are individuals trading their own accounts – unknown to the investment world, yet achieving performance records that rival, if not surpass, the best professional managers.
Some of the stories include:
- A trader who turned $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over 13 years.
- 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 58% average annual returns over 27 years.
- A UK junior tennis player who abandoned sport for trading, generating nearly 300% average annual returns over nine years.
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.
With dashes of humour and revelations about the human side of trading throughout, this is an engrossing collection of wisdom, brimming with insights that can help all traders improve their outcomes.
'Jack Schwager has done it again . . . fascinating and insightful' – Edward O. Thorp, bestselling author of A Man for All Markets
Details
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. His most recent work in the series is Market Wizards: The Next Generation. Previous books in the series include: Market Wizards, The New Market Wizards, Stock Market Wizards, Hedge Fund Market Wizards, The Little Book of Market Wizards, and Unknown Market Wizards. His other books include the revised edition of A Complete Guide to the Futures Markets, Market Sense and Nonsense, Getting Started in Technical Analysis, and the three-volume Schwager on Futures series.
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. 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.
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 and an MA in Economics from Brown University.
Reviews
“Jack Schwager has done it again . . . fascinating and insightful.”Edward O. Thorp, author of A Man for All Markets
“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 of Trend Following and TurtleTrader
“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
“I tell anyone interested in the market to read anything ever written by Jack Schwager.”JC Parets, Founder, Allstarcharts.com
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