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<p>Preface, ix</p> <p>Prologue, xiii</p> <p>My own story, xv</p> <p><b>Part 1: Futures and Currencies</b></p> <p>Taking the mystery our of futures, 3</p> <p>The interbank currency market defined, 7</p> <p>Michael Marcus: Blighting never strikes twice, 9</p> <p>Bruce Kovner: The world trader, 51</p> <p>Richard Dennis: A legend retires, 85</p> <p>Paul Tudor Jones: The art of aggressive trading, 117</p> <p>Gary Bielfeldt: Yes, they do trade T-bonds in Peoria, 141</p> <p>Ed Seykota: Everybody gets what they want, 151</p> <p>Larry Hite: Respecting Risk, 175</p> <p><b>Part 2: Mostly Stocks</b></p> <p>Michael Steinhardt: The concept of variant perception, 193</p> <p>William O'Neil: The art of stock selection, 219</p> <p>David Ryan: Stock investment as a treasure hunt, 237</p> <p>Marty Schwartz: Champion trader, 257</p> <p><b>Part 3: A Little Bit of Everything</b></p> <p>James B. Rogers, Jr.: Buying value and selling hysteria, 283</p> <p>Mark Weinstein: High-percentage trader, 321</p> <p><b>Part 4: The View From the Floor</b></p> <p>Brian Gelber: Broker turned trader, 345</p> <p>Tom Baldwin: The fearless pit trader, 367</p> <p>Tony Saliba: "One lot" triumphs, 387</p> <p><b>Part 5: The Psychology of Trading</b></p> <p>Dr. Van K. Tharp: The psychology of trading, 411</p> <p>The trade: A personal experience, 431</p> <p>Postscript: Dreams and trading, 437</p> <p>Final Word, 439</p> <p>Appendix1: Program trading and portfolio Insurance, 441</p> <p>Appendix 2: Options—understanding the basics, 443</p> <p>Glossary, 447</p>

<p><b>JACK D. SCHWAGER</b> is a recognized industry expert on futures and hedge funds, and the author of a number of widely acclaimed financial books. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to MarkeTopper Securities, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm that specialized in creating customized hedge fund portfolios for institutional clients. His prior experience also includes over twenty years as a director of futures research for some of Wall Street's leading firms.</p>

<p><b>THE INVESTMENT CLASSIC</b></p> <p>"I've read <i>Market Wizards</i> at several stages of my career as it shows the staying power of good down-to-earth wisdoms of true practitioners with skin in the game. This is the central document showing the heuristics that real-life traders use to manage their affairs, how people who do rather than talk have done things. Twenty years from now, it will still be fresh. There is no other like it."<br /> <b>—NASSIM N. TALEB</b>, former derivatives trader, author of <i>The Black Swan</i>, and professor, NYU-Poly</p> <p>"<i>Market Wizards</i> is one of the most fascinating books ever written about Wall Street. A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head."<br /> <b>—MARTIN W. ZWEIG, PhD</b>, Editor, <i>The Zweig Forecast</i></p> <p>"It is difficult enough to develop a method that works. It then takes experience to believe what your method is telling you. But the toughest task of all is turning analysis into money. If you don't believe it, try it. These guys have it all: a method, the conviction, and the discipline to act decisively time after time, regardless of distractions and pressures. They are heroes of Wall Street, and Jack Schwager's book brings their characters vividly to life."<br /> <b>—ROBERT R. PRECHTER, JR.</b>, Editor, <i>The Elliott Wave Theorist</i></p>

<p>“Market Wizards is one of the most fascinating books ever written about Wall Street. A few of the “Wizards” are my friends—and Jack Schwager has nailed their modus operandi on the head.” —Martin W. Zweig, Ph.D., Editor The Zweig Forecast</p> <p>“It’s diffi cult enough to develop a method that works. It then takes experience to believe what your method is telling you. But the toughest task of all is turning analysis into money. If you don’t believe it, try it. These guys have it all: a method, the conviction and the discipline to act decisively time after time, regardless of distractions and pressures. They are heroes of Wall Street, and Jack Schwager’s book brings their characters vividly to life.” —Robert R. Prechter, Jr., Editor of The Elliott Wave Theorist</p>

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