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Hedge Fund Market Wizards

Narrated by: Clinton Wade
Length: 16 hrs and 10 mins
4.5 out of 5 stars (54 ratings)

Non-member price: $41.73

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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 members say

Average Customer Ratings

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Excellent

Good narrator but the content was even better. Loved hearing the different trading styles from successful traders. Joel Greenblatt's style is close to mine, so to Jamie Mai. Great book

2 of 2 people found this review helpful

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Brilliant

A phenomenonal follow up to Market Wizards 1. Another must-read for every serious junior trader.

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Insightful and Diversive

Being skeptical that this would be full of air and not much content, I was actually quite incorrect. Even for those who know nothing about Hedge Funds, this book can be applied to all aspects of business from a risk management and strategic perspective. Overall happy with this purchase.

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  • Jason
  • 27-08-2012

An indepth vew into Hedge Fund managers

What did you love best about Hedge Fund Market Wizards?

I like the question and answer format of the writing. Instead of an overlaid narrative (which there was some) the questions probed deeper in the theories behind why certain managers made the decisions they did. Also, moving from one subject to the next allowed for you to observe contrasts between the managers. No one style or investment process was favored in the book. It seemed as the writer wanted to illustrate the fact that there was no one key strategy that lead to success but there was underlying traits in each manager that was common to success.

What other book might you compare Hedge Fund Market Wizards to and why?

I would say the book 'Quants' by Scott Patterson. It tells a similar story and the characters are the same so you almost feel familar with them.

9 of 9 people found this review helpful

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  • Amazon Customer
  • 16-11-2016

Great audiobook for anyone interested in trading

Jack Schwager has an immense talent for interviewing successful people and distilling the lessons for the rest of us. Excellent choice of traders, Breadth of trading styles, and topics/questions - truly something for everyone.

The narrator helps the listener through the interviews by changing his tone and speaking style; the voice for Jack is consistent, and the voice of the interviewee changes, presumably to match the style of the actual person's voice. There are a few awkward mid phrase pauses here and there, but overall great presentation.

5 of 5 people found this review helpful

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  • Hayden
  • 02-10-2018

Narrator Will Put You to Sleep

As -a retired physician who now trades for a living, I find many of Jack Schwager's books to be very helpful and motivating. I think I own and have read them all.

That said, although the content of this book is very good and is true to Jack's exemplary contribution to this field, the narrator will put you to sleep. Even after speeding it up to 1.25x, the reader still sounded a big melancholic and was hard to listen to.

I may need to buy this book, because the Audible version is far to hypnotic to listen to without falling asleep.

Going to try 1.5x now... Maybe The Chipmunks will help put some 'pep' in this reading.

Otherwise... The content is good. Buy the (audio)book. Just be forewarned.

Take care.

2 of 2 people found this review helpful

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  • JOHN FAWAZ
  • 20-09-2016

Information

What I like are the different hedge fund managers interviewed. I had to google majority of the people which I liked because I got to learn about people and different investment strategies.

What I dislike: I didn't want to the book to end.

It is a must read I think.

1 of 1 people found this review helpful

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  • Drew S Schulz
  • 04-09-2015

Great Perspective on Trading

Initially hated the interview format, but grew to love it, and I will now look for similar books.

1 of 1 people found this review helpful

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  • Ted
  • 18-02-2015

Great information - well worth the time!!

Super listen
I highly recommend it.
Great information.
Even an amateur like me understands the information and ideas in book






















1 of 1 people found this review helpful

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  • D. Berman
  • 03-01-2013

As a big Jack Schwager fan, this one falls short

Would you try another book from Jack D. Schwager and/or Clinton Wade?

I've worked in the financial services industry for about 20 years and have read and recommended Market Wizards and New Market Wizards countless times. However, this book, which follows the same format, falls very, very short due to its horrible narration. Clinton Wade obviously knows nothing about the business as he cannot correctly pronounce arbitrage or muni. It's very distracting to listen to someone repeatedly say arbitrij and moonie. He does however change his voice somewhat effectively from question to answer, but his tone is so docile, it can lull you to sleep. I listen to books while I drive and over the years have listened to hundreds. Books on trading are at the top of my list and this one just fell so short. To be fair though, I read his other books, so I will read this and try to get past the horrible narration.

How did the narrator detract from the book?

Dull, slow, littered with mispronunciations and just an overall poor choice of narrator.

1 of 1 people found this review helpful

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  • Elim.Garak
  • 21-11-2012

Insights and Insights

Would you listen to Hedge Fund Market Wizards again? Why?

Yes. Just like all the Market Wizard books there is much insight that can be gained to help in trading.

What did you like best about this story?

The actionable ideas, the honesty of traders that had huge losses, and huge wins, and what they learned.

Any additional comments?

It was tough to determine at times (chapter 1 & 2) if he was asking the question or answering. Then in all the other chapters he changed is tone when asking questions and answering so it was more enjoyable.

2 of 3 people found this review helpful

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  • William
  • 29-10-2012

Somewhat entertaining

Do the wizards interviewed have skill, or are they just lucky? We'll never know unless the author does a followup study a couple of decades from now. In either case, very little information presented in the book will help the average trader.

7 of 13 people found this review helpful

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  • David O'Connor
  • 23-05-2019

Amazing content, but the narration is a little distracting

This book has amazing insights into some very successful traders, but the narration subtracts a little bit from the experience, especially in the case of the first trader interviewed, i almost fell asleep at the delivery and cadence. Don't let it dissuade you though, you will learn a ton from this book!

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  • eushopper
  • 02-07-2017

Good, as expected from Schwager

Where does Hedge Fund Market Wizards rank among all the audiobooks you’ve listened to so far?

It was a good listen, certainly one of the better books I have listened to in the investments area.

What was one of the most memorable moments of Hedge Fund Market Wizards?

There were several good interviews I will likely listen once again.

What about Clinton Wade’s performance did you like?

He has done a good job reading the interviews. I liked that he tried to change his voice differently for each interview and when Schwager was talking.

Did you have an emotional reaction to this book? Did it make you laugh or cry?

Given the topic of the book, not really...

Any additional comments?

I would love if the older Schwager books would be available also here at audible...
I have read those long time ago and would certainly listen to them again.

1 of 1 people found this review helpful

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  • Mr
  • 18-05-2017

Another great Schwager book, poor narrator.

Any additional comments?

I'm a huge fan of the Market Wizards series, and this sticks solidly to the core format: fascinating interviews with industry greats, presented and clearly summarized with a clear intention of making you a savvier trader. Loved the content.

Unfortunately this particularly book is a much harder listen than the others in the series because of the coma-inducing narrator. The entire book is read in an almost perfectly flat, lifeless monotone. The pace of reading is inexplicably slow, and totally lacks personality and colour. Real shame.

1 of 1 people found this review helpful

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  • Sam
  • 04-02-2017

Great book, wrong narrator

A very insightful and well written book. It is quite technical in places though and absolutely needs a narrator who himself has some understanding of the content so he knows how to communicate the equations and jargon that appear in the text. Overall I was still able to appreciate and enjoy the book but the poor narration made it a lot harder to get through.

1 of 1 people found this review helpful

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  • MR P.
  • 18-09-2019

Can't stand the narrator's monotone voice

I loved the other Market Wizards books. But the narrator used for this book is hard to listen to and outweighs the compelling interviews themselves

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  • Anonymous User
  • 11-04-2019

Fantastic content. Awful narrator

Book full of wisdom but the narrator is probably the worst I’ve ever listened to.

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  • Anonymous User
  • 13-02-2019

Awesome book, annoying pronouncion

Truly serious trade ideas which was pleasantly surprising... some traders though, were obviously coming up with post-trade fancy explanations for their strategy which makes me wonder if their success could be of the Madoff variety 😉

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  • Lissi
  • 30-10-2018

Yet again, brilliant!

Everyone who wishes to trade needs to experience the market wizards series of books.
It may help if you have some experience of trading to understand some of the nitty gritty of the methods discussed however the overall message can be discerned by those with only a little experience.
I will be listening to this book again and again. It’s just such a shame they only have 3 of these books in audio format.

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  • Amazon Customer
  • 13-10-2016

Long overdue!!

An invaluable source of knowledge and inspiration for all aspiring traders and hedge fund managers!

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  • adam
  • 07-08-2016

an absolute revelation!

a must read if you are interested in the stick market. Even if you are not and you are a generally curious person you will still find it interesting.

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  • Eugene Tartakovsky
  • 06-05-2016

One of the several greatest books about trading

What made the experience of listening to Hedge Fund Market Wizards the most enjoyable?

Schwager has done a really awesome job interviewing all these people and he knows how to ask questions. All of the interviewee are tremendously experienced people and they give lots of great advice.