Hedge Fund Market Wizards

Zusatztext 'A must-read for all would-be traders...while the book's focus is clearly on trading and investing! there is more than enough human interest on offer for the general reader...Like Schwager's other works...Hedge Fund Market Wizards looks set to become a classic.' (Money Week! June 2012)'Offers valuable guidance and timeless insights for both investment professionals and market enthusiasts looking to improve their trading abilities by learning from the best.' (trade2win.com! July 2012) Zusammenfassung Fascinating insights into the hedge fund traders who consistently outperform the markets! in their own words From bestselling author! investment expert! and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds! from fifteen traders who've consistently beaten the markets. Informationen zum Autor JACK D. SCHWAGER 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. Klappentext Fascinating insights into the hedge fund traders who consistently outperform the markets! in their own wordsFrom bestselling author! investment expert! and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds! from fifteen traders who've consistently beaten the markets. Exploring what makes a great trader a great trader! Hedge Fund Market Wizards breaks new ground! giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business. Presents exclusive interviews with fifteen of the most successful hedge fund traders and what they've learned over the course of their careers Includes interviews with Jamie Mai! Joel Greenblatt! Michael Platt! Ray Dalio! Colm O'Shea! Ed Thorp! and many more Explains forty key lessons for traders Joins Stock Market Wizards! New Market Wizards! and Market Wizards as the fourth installment of investment guru Jack Schwager's acclaimed bestselling series of interviews with stock market expertsA candid assessment of each trader's successes and failures! in their own words! the book shows readers what they can learn from each! and also outlines forty essential lessons--from finding a trading method that fits an investor's personality to learning to appreciate the value of diversification--that investment professionals 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 timeless insights into what it takes to trade in the hedge fund world. Inhaltsverzeichnis Foreword ixPreface xiiiAcknowledgments xviiPart One Macro Men 1Chapter 1 Colm O'Shea: Knowing When It's Raining 3Chapter 2 Ray Dalio: The Man Who Loves Mistakes 47Chapter 3 Larry Benedict: Beyond Three Strikes 77Chapter 4 Scott Ramsey: Low-Risk Futures Trader 103Chapter 5 Jaffray Woodriff: The Third Way 129Part Two Multistrategy Players 159Chapter 6 Edward Thorp: The Innovator 161Chapter 7 Jamie Mai: Seeking Asymmetry 223Chapter 8 Michael Platt: The Art and Science of Risk Control 261Part Three Equity Traders 285Chapter 9 Steve Clark: Do More of What Works and Less of What Doesn't 287Chapter 10 Martin Taylor: The Tsar Has No Clothes 323Chapter 11 Tom Cla...

Auteur

JACK D. SCHWAGER 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.

Texte du rabat

Fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words From bestselling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from fifteen traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business. Presents exclusive interviews with fifteen of the most successful hedge fund traders and what they've learned over the course of their careers Includes interviews with Jamie Mai, Joel Greenblatt, Michael Platt, Ray Dalio, Colm O'Shea, Ed Thorp, and many more Explains forty key lessons for traders Joins Stock Market Wizards, New Market Wizards, and Market Wizards as the fourth installment of investment guru Jack Schwager's acclaimed bestselling series of interviews with stock market experts A candid assessment of each trader's successes and failures, in their own words, the book shows readers what they can learn from each, and also outlines forty essential lessons--from finding a trading method that fits an investor's personality to learning to appreciate the value of diversification--that investment professionals 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 timeless insights into what it takes to trade in the hedge fund world.

Contenu

Foreword ix

Preface xiii

Acknowledgments xvii

Part One Macro Men 1

Chapter 1 Colm O'Shea: Knowing When It's Raining 3

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 Control 261

Part Three Equity Traders 285

Chapter 9 Steve Clark: Do More of What Works and Less of What Doesn'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 Trains 423

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