Jack D. Schwager的Market Wizards系列共有3本书,分别是(1)Market Wizards: Interviews with Top Traders(1988)《金融怪杰》(台湾)(2)The New Market Wizards: Conversations with America's Top Traders(1992)《新金融怪杰》(台湾)《华尔街点金人》(大陆)(3)Stock Market Wizards: Interviews with America's Top Stock Traders(2001)《股市奇才》三本书一定要全读,作者采访了各种风格的投资/交易者,对我们来说是一座金矿,总能找到你想要的。读这种访谈类的书,一定不能期望有很系统很明确的操作手法,看的是他们的操作思路和想法,有心人一定能得到启发。还有很多读者会说,你看,现在书上大多数人投资业绩都不行了,有的可能还破产了,他们的成功只是暂时的幸运而已。。。。等等等等,不一而足。对金融投资稍有了解的人应该知道,市场是有周期的,人不可能在任意时段永远战胜市场,破产也是正常的,起码人家达到过一定的高度,可能还会东山再起。很多人拿别人某一时段的低潮业绩来说事,自己还没赚过大钱,就对别人赚过巨额财富的暂时失败低潮的人极尽嘲讽之能事,这是非常扭曲的态度,也是我们成长进步的最大阻碍。在这3本书出版十几二十几年后的今天,有几个人依然在forbes 2011 美国最富400人富豪榜上。32位 Steve Cohen 73亿美元69位 Bruce Kovner 41亿美元110位 Paul Tudor Jones 31亿美元119位 Stanley Druckenmiller 29亿美元164位 David Shaw 22亿美元
精彩短评 (总计29条)
相对前一本,可以称作遗珠;
相比前一本如Jim Rogers等大师级人物,这本里虽也有Stanley等大拿,但有些trader有凑数之嫌,本身都不是很系统,更不要说the silence of the turtles那章了...
- What other mistakes do people make?
- They don’t approach trading as a business. I’ve always viewed trading as a business.
- How do you achieve that balance?
- I focus my total attention on trading well, and let the results take care of themselves.
-The 1979-80 silver market was one of the great bull markets of all time. [Silver soared from $5 per ounce to $50 per ounce in a little over a year.] Did you have any inkling of how high prices might go?
-None whatsoever. In fact, even $10 per ounce seemed extremely far fetched. I don’t know anybody who bought silver at relatively low prices and got out at over $20. The traders who bought silver at $3, $4, $5, and $6 did one of two things. Either, by the time silver got up to $7, $8, or $9 they got out, or they rode the position all the way up and all the way down. I’m sure there are exceptions, but I’ve never met one. I did, however, know traders that went short silver at $9, $10 because the price seemed to ridiculously high and ended up riding the position until they had lost their entire net worth. That happened to some of the best professionals I knew in the silver market.
A lot of innocent parties were hurt by the Hunt activity. For example, take a mine down in Peru whose cost of production is under $5 per ounce. When the price gets up to $15, the mine decides to lock in a huge profit by hedging their next two years’ worth of production in the silver futures market. This makes all the economic sense in the world. However, when the price keeps on going up to $20, $25, $30, $35, they have to keep putting up more and more variation margin on their short futures positions. Eventually, they run out of money and are forced to liquidate their position, going broke in the process.
(1)Market Wizards: Interviews with Top Traders(1988)
《金融怪杰》(台湾)
(2)The New Market Wizards: Conversations with America's Top Traders(1992)
《新金融怪杰》(台湾)《华尔街点金人》(大陆)
(3)Stock Market Wizards: Interviews with America's Top Stock Traders(2001)
《股市奇才》
三本书一定要全读,作者采访了各种风格的投资/交易者,对我们来说是一座金矿,总能找到你想要的。
在这3本书出版十几二十几年后的今天,有几个人依然在forbes 2011 美国最富400人富豪榜上。
32位 Steve Cohen 73亿美元
69位 Bruce Kovner 41亿美元
110位 Paul Tudor Jones 31亿美元
119位 Stanley Druckenmiller 29亿美元
164位 David Shaw 22亿美元