• Hedge Fund Market Wizards

  • How Winning Traders Win
  • By: Jack D. Schwager
  • Narrated by: Clinton Wade
  • Length: 16 hrs and 10 mins
  • 4.8 out of 5 stars (207 ratings)

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Publisher's Summary

This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words. 

From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 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 15 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 40 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 best-selling 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 40 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.

©2012 Jack D. Schwager (P)2012 Audible, Inc.

What listeners say about Hedge Fund Market Wizards

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    5 out of 5 stars

So much timeless wisdom

Excellent book for a novice to a pro. Like going to lunch with the worlds best traders and picking their brains. First book I’ve read in the market wizards series and ready to start the next one. I feel like I’m a better trader and investor after digesting this great work.

4 people found this helpful

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Know your trading background before buying/reading

As with all Market Wizard books there's lots of gems in the profiles.

Though this version is obviously skewed to hedge funds then retail traders. More emphasis on: macro/fundamentals, systematic/quant setups, deeper economic and intrinsic dives, etc.

If you're retail, believe you'll gain much more from the other books in the series. This is one where I found myself skipping sections and definitely walked away with the least amount of bookmarks compared to the other Wizard books.

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Not a new version. Boring Narrator. Good book!

This is not a new version. it is the same version I bought before 2020. Same narrator that puts me to sleep. The other narrator of Market Wizard has better way of narrating.

The book interviews on the other hand are good. 40 lessons from fund managers! What's not to like??
More about learning from their experience, mistakes, etc. But if you want to learn the basics of hedge fund and trading, not this book. Also, I find them less open in the interview. It's like they don't wanna give away much information unless you pay them. They just wanna put their name out there but what their trade secret is exactly that - a trade secret.

Also the Chapters are labelled by numbers only. I was expecting it to be labeled by the name of the person being interviewed.

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Originals vs this Hedge Fund Book

The Originals were more about traders; this, while still interesting, was more about mathematicians turned computer programmers designing algo's to beat the market.. interesting the difference in mentality from hedge fund mgrs vs traders or investors.

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Great writing, but mediocre narrator

The narrator does not pronounce financial terms correctly. For example, arbitrage is pronounced arbitruj...so annoying! He will also put you to sleep with his monotone voice and lack of diversity. But the book is good!

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Just WOW of market and Trader knowledge.

I'm a day trader but I'm always seeking knowledge about the market. This brought the "wow" wisdom and experience that I seek out. My brain felt full and fulfilled. It's also very well done audio and I thank you for time in producing the audio version.

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This series is fascinating

The most important thing to take away from this series of books is that every investor/trader has to find their own way.

The book also demystifies the financial world for those unfamiliar with it.

Apart from that it's just interesting and chuck full of good advice.

Schwager is a really good interviewer in that he consistently asks the questions that pop up into my own head when they do pop up, and I guess he knows the right people to interview.

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A book worth a read or listen!

I really enjoyed this book! Was long and full of information, which I appreciate. Some of the info is outdated, but the rest makes up for it! I will definitely be listening multiple times just like with all Market Wizard books.

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Amazing insights

I’ve now listened to the entire set of Market Wizards books and constantly logged amazing realizations about my own trading style and edge from the decomposition of the worlds G.O.A.T.’s by Jack.

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The BEST.

Read or listen for the best market wisdom available, open minds are one of the most valuable things to possess, keep this in mind as you enjoy this series of trading books.

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  • RP
  • 04-13-22

Terrible narrator, great content

The content in the book is amazing like the rest of the series but the switch to this narrator is just awful. It made it extremely difficult to get through the book as his complete lack of emotion and distinguishing between who was talking made it feel like a textbook rather than the terrific narration we have been used to from DJ Holte who narrates the other books in the series. The interviews themselves are great but I am giving up on the audible version and might buy the kindle version instead. Audible, please bring back DJ Holte for any future books!

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  • Anonymous User
  • 07-05-21

Bad narrator

This mw book has a different narrator to the other mw books. I loved the narrator in the other books, he changed voices and it was engaging. this guy makes me want to gouge out my eyes with a dull spoon. Amazon, i could narrate better than this.

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  • Will
  • 01-05-21

Good and Bad

First I'll start with the content:

It's hard to fault it. You are getting detailed interviews with some of the most successful fund managers of the current era. This is good and bad - While I thoroughly enjoyed the original Market Wizards and the newest Unknown Market Wizards, I found the content expressed in this iteration to be more complex and less engaging than those other two. The terms and methodologies explained here are quite arcane and frankly, much of it went over my head. I also got the impression that some of the interviewees seemed a little guarded in their responses which makes sense as they don't want to give away too much of their 'edge'.

This isn't a criticism of the content, just a fair warning that it is less accessible than other books in the series and might not be as useful or applicable to much of the audience. Keeping in mind that these guys are usually fronting teams managing billions of dollars, the markets they trade in and the strategies they deploy are quite advanced.

Now on to production:
Unfortunately this is where this audiobook falls down. The single-reader narration while passable, is not as good as others I have listened to and the voices for the interviewer and the interviewee are sometimes mixed up by the reader which can be jarring.

Secondly the formatting of the files is useless. Everything is labelled as either 'Part X' or 'Chapter X'. There is no plain text description for who is being interviewed or what segment of the book you are listening to. There also appears to be no index of common terms as alluded to at points within the book.

The labelling of these Chapters should be given due diligence. When you are listening to hours and hours of technical subject matter, you need better file names than 'Chapter 14'. It detracts from the experience and usefulness of the book. I wish Audible would pick up their game in this department as I frequently encounter the same issue. .

3/5

1 person found this helpful

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  • ameal
  • 03-25-22

great for the layman, interesting and insightful.

If your self taught this will break some boundaries for you, as anything its a book of take away and not an instruction or advice. just assets in cementing and poking of derivatives.