The New Market Wizards
by Jack D. Schwager
The second collection: Bill Lipschutz, Stanley Druckenmiller, Linda Raschke, Monroe Trout, and a chapter of lessons distilled from both volumes. As good as the first, and the Druckenmiller interview is essential.
Read it if…
you read the first and want more, especially Druckenmiller.
See the book →
Skip it if…
you have not read the first.
Try instead: Hedge Fund Market Wizards →
Three things you will actually use
- Size positions by conviction and risk, not by habit.
- Preserve capital first.
- Independence of thought is the edge.
Do this first
Read Druckenmiller, then the final 'lessons' chapter.
Our verdict
More wizards; Druckenmiller essential.
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