Stock Market Wizards

This decade has witnessed the most dynamic bull market in US stock history, a collapse in commodity prices, and dramatic failures in some of the world's leading hedge funds. How have some traders managed to significantly outperform a stock market that,until recently, moved virtually straight up? This book will feature interviews with those traders who achieved phenomenal success, from an Ohio farmer who has constantly made triple-digit returns, to a Turkish emigre who transformed a $16000 account into $6 million, to spectacularly successful professional hedge-fund managers such as Michael Lancer of the Lancer Group and Michael Masters of Capital Management. Today, the action is on the stock market. This book will be a must-have for that sector, as well as for the legions of individuals who eagerly bought Market Wizards.

Acknowledgments ix Prologue: An Inauspicious Beginning xi Stuart Walton: Back from the Abyss 1 Michael Lauer: The Wisdom of Value, the Folly of Fad 30 Steve Watson: Dialing for Dollars 54 Dana Galante: Against the Current 75 Mark D. Cook: Harvesting S&P Profits 95 Alphonse "Buddy" Fletcher, Jr.: Win-Win Investing 127 Ahmet Okumus: From Istanbul to Wall Street Bull 148 Mark Minervini: Stock Around the Clock 169 Steve Lescarbeau: The Ultimate Trading System 189 Michael Masters: Swimming Through the Markets 207 John Bender: Questioning the Obvious 221 Claudio Guazzoni: Eliminating the Downside 239 David Shaw: The Quantitative Edge 254 Steve Cohen: The Trading Room 275 Ari Kiev, M.D.: The Mind of a Winner 288 Wizard Lessons 298 Appendix: Options - Understanding the Basics 327 Index 331