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The New Market Wizards Audiobook

The New Market Wizards: Conversations with America's Top Traders

Regular Price:£20.99
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Publisher's Summary

Some traders distinguish themselves from the herd. These supertraders make millions of dollars - sometimes in hours - and consistently outperform their peers.

As he did in his acclaimed national best seller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor?

In The New Market Wizards, these wildly successful traders relate the financial strategies that have rocketed them to success as well as the embarrassing losses that have proven them all too human.

A sampling of the traders you will meet in The New Market Wizards:

  • Stan Druckenmiller, who, as manager of the Soros Quantum Fund, realized an average annual return of more than 38 percent on assets ranging between $2 and $3.5 billion.
  • William Eckhardt, a mathematician who, in collaboration with trader Richard Dennis, selected and trained the now legendary circle of traders known as the Turtles.
  • Bill Lipschutz, a former architect who, for eight years, was Salomon Brothers' largest and most successful currency trader.
  • Blair Hull, a onetime blackjack player who founded a highly successful options trading company.

Asking the questions that listeners with interest in the financial markets would love to pose to the financial superstars, and filled with candid appraisals, The New Market Wizards takes its place as a classic.

©1992 Harper (P)2016 Jack Schwager

What Members Say

Average Customer Rating

4.6 (56 )
5 star
 (41)
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4.5 (42 )
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4.5 (41 )
5 star
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3 star
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2 star
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Performance
Sort by:
  •  
    Georgi Vladkov Petkov 10/10/2016 Member Since 2013
    HELPFUL VOTES
    19
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    REVIEWS
    24
    12
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    "Obligatory reading."

    The start of the book is a bit boring but as it moves to the dialogues with the top traders it gets immensely instructive.

    2 of 2 people found this review helpful
  •  
    Kirsteen Tain, United Kingdom 20/09/2017
    Kirsteen Tain, United Kingdom 20/09/2017 Member Since 2016
    HELPFUL VOTES
    4
    RATINGS
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    19
    17
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    0
    0
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    Story
    "Excellent and Informative"

    I learnt a lot from this book and thoroughly enjoyed the stories. I will listen to it again.

    0 of 0 people found this review helpful
  •  
    Peter Lawless County Wicklow, Ireland 16/08/2017
    Peter Lawless County Wicklow, Ireland 16/08/2017 Member Since 2017
    RATINGS
    REVIEWS
    9
    2
    Overall
    Performance
    Story
    "mandatory education for all traders"

    This is timeless, each time you listen you'll pick up at least 10 nuggets to power your own profits

    0 of 0 people found this review helpful
  •  
    eushopper 29/07/2017
    eushopper 29/07/2017
    HELPFUL VOTES
    3
    RATINGS
    REVIEWS
    10
    4
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    0
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    "Classic book well performed"

    Read parts of the print long time ago. Enjoyed listening to it, still fresh, relevant.

    0 of 0 people found this review helpful
  •  
    Julian 02/03/2017
    Julian 02/03/2017
    RATINGS
    REVIEWS
    3
    3
    Overall
    Performance
    Story
    "Really enjoyed it."

    Some good insights into how the markets have changed over the years. Many good points on how to approach trading.

    0 of 0 people found this review helpful
  •  
    Faisal Khesrawi 12/01/2017
    HELPFUL VOTES
    13
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    9
    3
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    Performance
    Story
    "ok"

    a lot of stories and talk not much technical stuff
    a few good advices but overall just good for entertainment purposes

    0 of 0 people found this review helpful
  •  
    JA le Roux 04/01/2017
    JA le Roux 04/01/2017 Member Since 2015
    RATINGS
    REVIEWS
    19
    2
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    Performance
    Story
    "Always nice to listen to the stories. look"

    love all the stories and how people create success and the pure brilliance of some people are astonishing.

    0 of 0 people found this review helpful
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  • A.K.A
    14/12/16
    Overall
    Performance
    Story
    "True trader book"

    Anyone who has ever seriously traded will appreciate the tips and tricks. Helps put your wins and losses in perspective and gives you strength to keep pushing forward.

    3 of 3 people found this review helpful
  • josh
    27/09/16
    Overall
    Performance
    Story
    "Good insight, even for experienced traders"

    I always look for advanced books on investing and trading. It's hard for me to find. This isn't very advanced as far as the technical content, but there are gold nuggets mentioned.

    The main concepts covered with trading is beneficial because these traders outline their success and basic principles. This can be a big help if you get stuck or in indecision

    I listen to my books +2x speed.

    2 of 2 people found this review helpful
  • Mike Shell
    Knoxville, TN
    22/06/16
    Overall
    Performance
    Story
    "All of the Market Wizards Books are Essential"

    All of the Market Wizards Books are Essential if you want to know the common characteristics of top traders and figure out which strategies fit you.

    3 of 4 people found this review helpful
  • Michael Martin
    Los Angeles, CA
    09/06/16
    Overall
    Performance
    Story
    "Market Wizards: Perennial MVP of Trading Books"
    Would you recommend this audiobook to a friend? If so, why?

    I have recommended this book and the others in the MW series since I first read them decades ago. Since then, I've purchased these books as gifts for friends and students and I re-read them a few times per year.

    Trading is largely a psychological activity and the technical "how to" part of it is very easy to learn. Harder is to do is to develop thick skin, persevere and maintain a level of determination to succeed.

    Market Wizards and New Market Wizards are the best books on the planet for anyone who ever wanted to trade. They explain, in the trader's own words, how they had to overcome family problems, trading losses, bad markets, slippage, and emotional breakdowns to get to the level of success we now know them for. No one is immune from trading losses - it's the tuition you have to pay early on to learn to be a trader. For a pro, losses are part of the business.

    I think anyone can learn trading, but not everyone can actually do it because of the emotional and psychological aspects of managing risk. The intellectual or academic aspect of trading is not terribly difficult to grasp. How a trader learns to handle losses is probably the most striking aspect of this book. Each trader had to find his own way to learn to deal with being wrong 60+% of the time, find a way to be profitable, and still function as a person.

    Smart people don't like being wrong and in New Market Wizards you learn how such individuals leave the world of 'accuracy' and thrive in the world of 'Expected Values' despite having wildly different trading rules

    You learn, ultimately, that the trader is the system.


    Who was your favorite character and why?

    Victor Sperandeo. I'm still struck by his run of 18 consecutive years of profitability. He is the first trader who I heard say that the first order of business as a trader is to focus on "not losing." Playing superior defense is job #1.


    7 of 10 people found this review helpful
  • forex
    04/06/16
    Overall
    Performance
    Story
    "best book on trading by far. this book > ur mentor"

    This is best book on trading by far. this book > ur mentor, trading group. ppl would save thousands of dollars if they take the time to read this book first.

    5 of 7 people found this review helpful
  • Alexander Sverdlov
    23/07/16
    Overall
    Performance
    Story
    "Highly recommended"

    I also recommend that you take note of and buy all the other books mentioned inside. Dig deeper.

    2 of 3 people found this review helpful
  • Amazon Customer
    04/07/16
    Overall
    Performance
    Story
    "Great Book"

    this is a great book to listen to about the stock market. this is very insightful and takes a look at those big players that are in the stock market.

    2 of 3 people found this review helpful
  • Raphuel
    Nuth - Netherlands
    21/06/16
    Overall
    Performance
    Story
    "Must read (listen)"

    This book is an absolute must read if you take trading seriously. It gives some important insights in the way the 'Market Wizards' think and act.

    2 of 3 people found this review helpful
  • John Anderson
    22/06/17
    Overall
    Performance
    Story
    "Go with the first Market Wizards"

    I listened to this book immediately after reading the first Market Wizards. While this audio book is entertaining, if you were going to choose between the first Market Wizards, and this book, I would go with the first. If you disagree with me, that's fine, this is still an entertaining and worthwhile audio book. Many of the themes are similar between the two. My favorite chapter in this book is about Blake who traded mutual funds, this chapter worth the price of the entire book.

    1 of 1 people found this review helpful
  • Leon
    San Antonio, TX, United States
    30/05/17
    Overall
    "A Book on Option Trading Philosophies"

    The book was okay if you're interested in various and vastly different philosophies of option traders. The philosophies were all over the place with nothing really tying the divergent ideals together. If you're really not interested in options don't waste your time.

    2 of 2 people found this review helpful

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