The New Market Wizards is a book by Jack D. Schwager published in 1992. The format is very similar to his 1988 Market Wizards, with a new selection of interviews with super-traders.
As in the previous volume, Schwager starts with a frank discussion of his own trading experience, followed by a surprising diversion comparing Saddam Hussein's invasion of Kuwait with a trade that went wrong.
The rest of the book is broken into five parts including interviews with different types of traders and brief discussions of the lessons to be learnt from them, plus a part on trading psychology and a final part summarising the wisdom gained from all of the interviewees in 42 golden rules.
Famous quotes containing the word market:
“Writing ought either to be the manufacture of stories for which there is a market demand—a business as safe and commendable as making soap or breakfast foods—or it should be an art, which is always a search for something for which there is no market demand, something new and untried, where the values are intrinsic and have nothing to do with standardized values.”
—Willa Cather (1876–1947)