Market Wizards, Disc 2

How do some of the world's most successful traders amass millions of dollars in a year... or sometimes in just hours? Are they masters of a priceless wizardry or simply the very lucky winners in a random market lottery that allows only a few players to become fantastically wealthy? What are the secrets of their unheard-of success? Market expert Jack D. Schwager interviews top traders in a variety of markets and determines that an interesting mix of method and mental posture is largely responsible, and presents Market Wizards in a way that allows the listener a glimpse into the minds of these most remarkable traders. Understand what it takes to succeed, and hear it in the words of the Market Wizards themselves. Hear about: Turning a $30,000 account in $80 million! Having a fund average a 30% annual return over 21 years! Parlaying $25,000 into $2 billion worth of T-bond future trading in a day! Managing funds that have registered triple-digit gains five years in a row! Realizing an astounding 250,000% return on accounts over 16 years! Today, Bruce Kovner may well be the world's largest trader in the interbank currency and futures markets. In 1987 alone, he scored profits in excess of $300 million for himself and the fortunate investors in his funds. During the past ten years, Kovner has realized a remarkable 87 percent averaged annual compounded return. Two thousand dollars invested with Kovner in early 1978 would have been worth over $1,000,000 ten years later.