The “Market Wizards” Book Series

While my book and this blog has focused exclusively on careers in quantitative finance, I’m not oblivious to the fact that many of my readers and visitors have an intrinsic interest in securities trading, either for their own personal accounts or, in the case of many ambitious young men and young women, as hedge fund traders someday. (Come on, who can resist the lure of big money?)

A futures analyst and author by the name of Jack Schwager have written a series of three books based on interviews with some legendary traders in various markets, from futures to stocks. While most of these guys are either hunch traders or technical traders, a few — especially David Shaw, of the D.E. Shaw fame — are quants. I highly recommend the three books if you want to know what it is like to be a trader — especially what it is like to trade under a lot of pressure and stress.

The three books are, in chronological order:

All the paperback editions are under $12 at Amazon.com.

Again, if you’re purely interested in quant research or quant programming, these books won’t help you much. They’re about trading — and about legendary traders many of whom have not done well recently but whose views nonetheless are eye-opening.

(BTW, I’m planning a new book, a la the Market Wizards series. It’s way too early to tell more right now, but I’ll divulge some details as the project begins to take shape.)

Advertisements
This entry was posted in Books. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s