Trader Resources

New book out from Market Wizards author Jack Schwager

[easyazon-link asin=”1118494563″][/easyazon-link]Jack Schwager is back on the bookshelves once again. Only a few months after the release of his latest Wizards book, [easyazon-link asin=”1118273044″]Hedge Fund Market Wizards[/easyazon-link], which came out in May, he now has [easyazon-link asin=”1118494563″]Market Sense and Nonsense: How the Markets Really Work (and How They Don’t)[/easyazon-link]. I had a note from Jack describing the new book in this way:

Market Sense and Nonsense is my personal compendium of the widely held investment misconceptions I have observed in the course of my career. The book has its origins in the various investment fallacy talks I gave at industry conferences in the mid-to-late 2000s, I always envisioned a book around this theme, but the idea had to percolate for many years before I could figure out how to write a book that was both pertinent to industry professionals and accessible to lay investors.

Although the publication of Market Sense and Nonsense comes only six months after the publication of Hedge Fund Market Wizards, it has been in the works for several years. I set aside a draft of Market Sense and Nonsense to write Hedge Fund Market Wizards, and I returned to complete the project after that book was finished (which explains the short time gap between the two books).

The basic theme of Market Sense and Nonsense is that many widely held investment assumptions are quite simply wrong—that is, if we insist they apply in the real world. I hope that Market Sense and Nonsense prompts readers to question some of their previously unquestioned investment assumptions and to change some long-held beliefs.

I anticipate giving [easyazon-link asin=”1118494563″]Market Sense and Nonsense[/easyazon-link] a read myself before too long, and will post a review once I have done so. In the meantime, if you have thoughts on this or any of Jack’s earlier books, definitely feel free to share them.

By John

Author of The Essentials of Trading

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