"synopsis" may belong to another edition of this title.
Each trader is interviewed at length. The dialogue is then presented Question and Answer style on the page, and at the conclusion of each chapter, Schwager summarises what lessons can be drawn from their replies. Unsurprisingly, perhaps, in a clutch of mavericks who beat the crowd, every one is different. There are obsessives like Mark Minervini, with his 14-hour trading days, who claims not to have taken a day off in ten years; but then there is Mark Cook, who combines caning the market with working on his farm. There is Ahmet Okumus, whose goal is to be the best money manager in the business, this year and every year; but there is Stuart Walton who walked away from trading for several years, and would rather be a writer and artist anyway. Schwager grills each on how they pick their stocks, the technical analysis they employ, how they choose to hold or sell, how they structure their portfolios. Each, it emerges, has his own "edge". Michael Lauer, with his constant search for value stocks, uses a six-step selection process that identifies stocks with good return and risk prospects; David Shaw invests heavily in research, and cuts his transaction costs to the bone, allowing him to profit from tiny market inefficiencies. Each, again, is different, but in the fascinating summary chapter, Schwager identifies the key qualities they all share. All have failed and come back better and wiser dealers. All, no matter how laid back or eccentric they may appear, have a rock-solid trading philosophy and strategy. All are flexible and responsive to change--and all work like demons.
It's a fascinating glimpse into minds of stock-market winners, and the 65 lessons he draws would form a good blueprint for anyone's forays into shares. But perhaps the best is No. 1: "There is no single true path". In the end, you have to do it yourself. --John Rennie
"About this title" may belong to another edition of this title.
Shipping:
£ 3.18
Within U.S.A.
Book Description Condition: New. pp. 352. Seller Inventory # 26491616
Book Description Condition: New. pp. 352. Seller Inventory # 7356351
Book Description Condition: New. Seller Inventory # 1411305-n
Book Description Condition: New. Buy with confidence! Book is in new, never-used condition. Seller Inventory # bk0471485551xvz189zvxnew
Book Description hardback. Condition: New. Language: ENG. Seller Inventory # 9780471485551
Book Description Hardback. Condition: New. New copy - Usually dispatched within 4 working days. Seller Inventory # B9780471485551
Book Description Condition: new. Seller Inventory # 2b6d8437c74e044de14f8c396864a367
Book Description Condition: New. Seller Inventory # 1411305-n
Book Description Hardcover. Condition: Brand New. 352 pages. 9.29x6.30x1.02 inches. In Stock. Seller Inventory # __0471485551
Book Description HRD. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # FW-9780471485551