FYI: Market Wizards by Jack Schwager was first published in 1993. The book profiled some of the world’s top traders, all of whom had enviable long-term track records.
The list included well-known traders and hedge fund managers such as Bruce Kovner, Paul Tudor Jones, Ed Seykota, Michael Steinhardt, William O’Neill, and Richard Dennis. Schwager does a nice job in the book focusing not only on the performance of these traders but also the psychology behind their process.
Schwager went onto write a series of these books detailing other successful traders and investors. The market wizard series became a trader’s bible of sorts.
On this week’s podcast Michael and I discussed why it would be much harder to write such a book today: