New Market Wizards Book

TimtheEnchanter · Jul 5, 2020

When is the ebook out?

guowei58 · Jul 5, 2020

JCDST1979 said:
Survival bias.

survivorship biase is a generous interpretation. selective accounting is the more likely explanation.

guru · Jul 5, 2020

guowei58 said:
survivorship biase is a generous interpretation. selective accounting is the more likely explanation.

The book is only for people who actually want to read it and make own judgements. Not for smart asses who judge books by their covers and lecture everyone what’s in the books without reading them.

guowei58 · Jul 6, 2020

guru said:
The book is only for people who actually want to read it and make own judgements. Not for smart asses who judge books by their covers and lecture everyone what’s in the books without reading them.

you're right, i'm just judging the cover. the COVER contains impossible claims only a sucker can believe. I can also set up 50 accounts, fund them with $5K each, pick the best performance and claim that i'm the best trader. See, i have the statements to prove it! But i haven't read the book, so I don't have anything intelligent to say about the book

SteveM · Jul 6, 2020

Jack Schwager (via Twitter) responded to a question saying that all interview participants have been vetted - at least 10 year audited track records.

Market_Diver · Jul 6, 2020

November is a long way. I wish it is out now because many are working from home and have ample free time to pass.

ZBZB · Jul 6, 2020

Market_Diver said:
November is a long way. I wish it is out now because many are working from home and have ample free time to pass.

You can read the books that came out last November. The rules by Larry Hite was very good. I shall remember the other one soon.

EDIT Jim Simons book, not so good.

virtusa · Jul 6, 2020

guru said:
Unknown Market Wizards: The best traders you've never heard of

Coming November:

Looks like soon we’ll find out about:
“
A trader who turned an initial account of $2,500 into $50 million.
- A trader who achieved an average annual return of 337% over a 13-year period.
- A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis.
- A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span.
- A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%.
“

According to the "experts" on ET all this is impossible.
Probably because it would hurt these "experts" ego's too much.

guowei58 · Jul 6, 2020

SteveM said:
Jack Schwager (via Twitter) responded to a question saying that all interview participants have been vetted - at least 10 year audited track records.

How do audit someone with 50 accounts and just shows you one account where they took risks and hit the ball out of the park? this happens ALL the time.

Sorry to be a hater. i really try not to be on this forum. but this is the best explanation i have for the results for these individuals.

virtusa · Jul 6, 2020

guowei58 said:
scam artists

hahaha has anyone done the math on HOW incredibly wealthy these traders are right now...all billionaires now!!! before you feel the urge to tell me how these returns are not compounded...just stop and think about the most likely explanation for why no one has heard of them before...

Did you see the track records? If not how can you calculate what they did?

Oooh I got it! You are one of these newbies that compound unlimited. If you use that technique even Buffet, Soros, Simmons and all the other billionaires should be much richer then they are. So they are all fake too.