Two of the BEST Books Ever Written on Making Money
Without a doubt, Market Wizards is at the top of my list. People think this books is all about trading. It's not. It's about the psychology of making money. Lots of money. Like millions and millions of dollars worth of money. You must get it.
Online, January 29, 2011 (Newswire.com) - "Market Wizards" was the first of 3 Market Wizards books in which Jack Schwager interviews top traders in the financial markets about their backgrounds, experiences, and techniques. Published in 1989, the interviews in this book were conducted while the stock market crash of October 1987 was fresh in people's minds, which I found added some interest.
Some of those interviewed made money on the crash, some lost money, and many have something to say about it. The book is divided into 5 sections, each containing a series of interviews. Jack Schwager introduces each interview by telling us a little about the trader, then we get an edited transcript of the interview, followed by a brief summary of that trader's philosophy.
The information the traders provide about their techniques is enough to give a general impression of what they do, not enough to tip their hand, but is outdated in today's market anyway.