Schwager Hedge Fund Market Wizards

How Winning Traders Win
1. Auflage 2012
ISBN: 978-1-118-28361-5
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 544 Seiten, E-Book

Fascinating insights into the hedge fund traders whoconsistently outperform the markets, in their own words
From bestselling author, investment expert, and Wall Streettheoretician Jack Schwager comes a behind-the-scenes look at theworld of hedge funds, from fifteen traders who've consistentlybeaten the markets. Exploring what makes a great trader a greattrader, Hedge Fund Market Wizards breaks new ground, givingreaders rare insight into the trading philosophy and successfulmethods employed by some of the most profitable individuals in thehedge fund business.
* Presents exclusive interviews with fifteen of the mostsuccessful hedge fund traders and what they've learned over thecourse of their careers
* Includes interviews with Jamie Mai, Joel Greenblatt, MichaelPlatt, Ray Dalio, Colm O'Shea, Ed Thorp, and manymore
* Explains forty key lessons for traders
* Joins Stock Market Wizards, New Market Wizards,and Market Wizards as the fourth installment of investmentguru Jack Schwager's acclaimed bestselling series of interviewswith stock market experts
A candid assessment of each trader's successes and failures, intheir own words, the book shows readers what they can learn fromeach, and also outlines forty essential lessons--from findinga trading method that fits an investor's personality to learning toappreciate the value of diversification--that investmentprofessionals everywhere can apply in their own careers.
Bringing together the wisdom of the true masters of the markets,Hedge Fund Market Wizards is a collection of timelessinsights into what it takes to trade in the hedge fund world.

Autoren/Hrsg.

Schwager, Jack D.

Weitere Mitwirkende

Seykota, Ed

Inhaltsverzeichnis

Foreword ix
Preface xiii
Acknowledgments xvii
Part One Macro Men 1
Chapter 1 Colm O'Shea: Knowing When It's Raining3
Chapter 2 Ray Dalio: The Man Who Loves Mistakes 47
Chapter 3 Larry Benedict: Beyond Three Strikes 77
Chapter 4 Scott Ramsey: Low-Risk Futures Trader 103
Chapter 5 Jaffray Woodriff: The Third Way 129
Part Two Multistrategy Players 159
Chapter 6 Edward Thorp: The Innovator 161
Chapter 7 Jamie Mai: Seeking Asymmetry 223
Chapter 8 Michael Platt: The Art and Science of Risk Control261
Part Three Equity Traders 285
Chapter 9 Steve Clark: Do More of What Works and Less of WhatDoesn't 287
Chapter 10 Martin Taylor: The Tsar Has No Clothes 323
Chapter 11 Tom Claugus: A Change of Plans 359
Chapter 12 Joe Vidich: Harvesting Losses 385
Chapter 13 Kevin Daly: Who Is Warren Buffett? 405
Chapter 14 Jimmy Balodimas: Stepping in Front of Freight Trains423
Chapter 15 Joel Greenblatt: The Magic Formula 451
Conclusion 40 Market Wizard Lessons 489
Epilogue 507
Appendix A The Gain to Pain Ratio 513
Appendix B Options--Understanding the Basics 515
About the Author 519
Index 521

Über Autor(innen)

JACK D. SCHWAGER is a recognized industry expert onfutures and hedge funds, and the author of a number of widelyacclaimed financial books. He is currently the co-portfoliomanager for the ADM Investor Services Diversified Strategies Fund,a portfolio of futures and FX managed accounts. He is also anadvisor to MarkeTopper Securities, an India-based quantitativetrading firm. Previously, Mr. Schwager was a partner in the FortuneGroup, a London-based hedge fund advisory firm that specialized increating customized hedge fund portfolios for institutionalclients. His prior experience also includes over twenty years as adirector of futures research for some of Wall Street's leadingfirms.