- About Jack Schwager
- Books by Jack Schwager
- Speaker Services
- ADMIS DSF Fund
- Trader's Log
About Jack Schwager
Jack Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients. His prior experience includes 22 years as Director of Futures research for some of Wall Street’s leading firms and 10 years as the co-principal of a CTA.
Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last two decades: Market Wizards (1989), The New Market Wizards (1992), and Stock Market Wizards (2001). The latest book in the series, Hedge Fund Market Wizards is due to be released in May 2012. Mr Schwager’s first book, A Complete Guide to the Futures Markets (1984) is considered to be one of the classic reference works in the field. He later revised and expanded this original work into the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley’s popular Getting Started series.
Mr. Schwager is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios, managed accounts, technical analysis, and trading system evaluation. He holds a BA in Economics from Brooklyn College (1970) and an MA in Economics from Brown University (1971).
Books by Jack Schwager
The books I have written can be broken down into three categories:
- The Market Wizard Series—These books, which are based on interviews with exceptional traders, are by far my most widely read books, accessible to lay readers and relevant to both novice and professional traders.
- Market Analysis Books—These books are intended specifically for readers seeking to do their own analysis, both technical and fundamental, with a primary focus on the futures markets.
- Market Sense and Nonsense–My most recent book (publication date: November 6, 2012) offers a compendium of investment misconceptions and is intended to be both pertinent to investment professionals and accessible to lay readers. Market Sense and Nonsense
Which book should you read first?
- The Market Wizard Series—The four books in this series can be read in any order. Even the oldest book in the series, Market Wizards (1989), remains entirely relevant today. The most logical choice for a first book is either the most resent book in the series, Hedge Fund Market Wizards (2012) or the aforementioned original Market Wizards.
- Market Analysis Books—My first book was A Complete Guide to the Futures Markets (1984). In the mid-1990s, this book was revised and greatly expanded into the three-volume set, Schwager on Futures. The three books in this series are: (a) Fundamental Analysis; (b) Technical Analysis; and (c) Managed Trading. There are also study guides available for each of the first two books in this series. The information in Technical Analysis was revised, broadened in focus to include stocks, and greatly abridged to be more accessible to novice readers and released as Getting Started in Technical Analysis. The choice of the most appropriate first book depends on whether your interest is primarily in fundamental or technical analysis and, in the case of technical analysis, how deeply you want to get into the subject.
- Market Sense and Nonsense–This book can be read before or after reading any of the Market Wizard books; it depends on the interests of the individual reader.
Thank you for your interest.
Jack Schwager speaker information
Jack Schwager is available for speech and workshop presentations. Fees depend on location and length of presentation. Further information is available by contacting Jack Schwager at email@example.com or 646-481-1416.
Talks can be tailored to any desired length, although 45-60 minutes is usually optimal. Multiple talks can be combined with breaks as part of a half-day or full-day workshop. A sample of talk topics is provided below. The first two talks are the most popular and work well for both professional and layman audiences. Other topics are possible as well. Talks and workshops are designed to fit client needs.
1. Common Denominators of the Market Wizards
This talk seeks to answer the question: What traits set apart those individuals who have achieved extraordinary success in the markets from everyone else? The talk is heavily anecdotal, based on the interviews conducted in the Market Wizards book series.
2. Hedge Fund Market Wizard Lessons
This talk is similar to Talk #1 with the essential difference being that if focuses specifically on the personalities and lessons of the traders profiled in Hedge Fund Market Wizards, the newest book in series (2012). It is very well suited for audiences that might contain a meaningful percentage of people who previously heard Talk #1.
3. Investment Fallacies Parts 1 and 2
These talks focus on a variety of investing misconceptions.
4. A Practical Guide to Performance Measurement and Risk Management
A focused talk intended for audiences with a specific interest in performance measurement and risk management. Best suited as a topic in a workshop presentation rather than as single talk.
5. Testing and Evaluating Trading Systems
A focused talk intended for traders with interest in trading system testing design and evaluation. Best suited as a topic in a workshop presentation rather than as single talk.
6. Understanding Hedge Funds
This talk would be good overview for an audience with little or no knowledge in hedge funds, but a desire to learn the basics about this investment class. Can be an individual talk or part of workshop.
ADMIS DSF Fund
Jack Schwager is the Co-Portfolio Manager for the ADM Investor Services Diversified Strategies Fund.
The ADM Investor Services Diversified Strategies Fund (DSF) is a portfolio of accounts managed by Commodity Trading Advisors (CTAs) that engage in diversified trading strategies.
CTAs selected by the fund trade in liquid exchange traded futures and options on futures contracts and also in the FX markets and/or related FX options. Selected CTAs include both systematic and discretionary managers that use both technical and fundamental approaches. The fund allocates trading capital to the CTAs via a proprietary allocation model.
For more information, please visit www.admisfunds.com
In this trader’s log, I will include comments related to personal trades that I find instructive–both winners and losers, although I expect there will be more entries for losers because generally they are a better source of trading lessons and also provide much greater motivation for writing an entry. Only a fraction of the trades that should be included will be because other commitments typically interfere with my taking time to write up trades. To start the Trader’s Log, I have entered those trades since 2011 that motivated me sufficiently to write a comment to reinforce market lessons. They are notes that I wrote to myself. But I believe that most traders will find at least some of these comments helpful and quite possibly personally pertinent. The number of entries are far fewer than the relevant trades because, in most cases, I didn’t take time to write up the trade. Unless otherwise noted the charts were generated on the Thinkorswim platform on Ameritrade.