This is the first book by Jack Schwager that I’ve read. His name is often associated with many of the most popular trading books and honestly, that’s been my principal reason for avoiding them. His titles read like the Dummy Series and fair-enough that’s a great way to sell millions of books.
I’ve had the book in my ipad-kindle app for about 6 months and it shows 47% finished. If I can’t finish a trading book that would mean it’s either written for a PhD in Mathematics or a 7th grader, this book falls in the latter category. His editor knows what sells.
Market Wizards aims, in my opinion, to be inspirational, a how-to book which repeats a few simple concepts over and over. The difference is, that Market Wizards gives a subset of fortunate traders an opportunity to repeat these simple concepts creating an effective authority.
The trading anecdotes and early mistakes of the traders he interviews will ring true for beginners and sound cliche for the more experienced. Market Wizards admitedly has some voyeuristic possibilities, unfortunately, I have been picking this book up for the same reason I might turn on CNN or listen to Adele, it’s comfort food.