Hedge Fund Market Wizards: How Winning Traders Win -- Copyright -- Contents -- Foreword -- Preface -- Acknowledgments -- Part One: Macro Men -- Chapter 1: Colm O'Shea: Knowing When It's Raining -- Chapter 2: Ray Dalio: The Man Who Loves Mistakes -- Addendum: Ray Dalio's Big Picture View -- Chapter 3: Larry Benedict: Beyond Three Strikes -- Chapter 4: Scott Ramsey: Low-Risk Futures Trader -- Chapter 5: Jaffray Woodriff: The Third Way -- Part Two: Multistrategy Players -- Chapter 6: Edward Thorp: The Innovator -- Chapter 7: Jamie Mai: Seeking Asymmetry -- Chapter 8: Michael Platt: The Art and Science of Risk Control -- Part Three: Equity Traders -- Chapter 9: Steve Clark: Do More of What Works and Less of What Doesn't -- Chapter 10: Martin Taylor: The Tsar Has No Clothes -- Chapter 11: Tom Claugus: A Change of Plans -- Chapter 12: Joe Vidich: Harvesting Losses -- Chapter 13: Kevin Daly: Who Is Warren Buffett? -- Chapter 14: Jimmy Balodimas: Stepping in Front of Freight Trains -- Chapter 15: Joel Greenblatt: The Magic Formula -- Conclusion: 40 Market Wizard Lessons -- 1. There Is No Holy Grail in Trading -- 2. Find a Trading Method That Fits Your Personality -- 3. Trade Within Your Comfort Zone -- 4. Flexibility Is an Essential Quality for Trading Success -- 5. The Need to Adapt -- 6. Don't Confuse the Concepts of Winning and Losing Trades with Good and Bad Trades -- 7. Do More of What Works and Less of What Doesn't -- 8. If You Are Out of Sync with the Markets, Trying Harder Won't Help -- 9. The Road to Success Is Paved with Mistakes -- 10. Wait for High-Conviction Trades -- 11. Trade Because of Perceived Opportunity, Not Out of the Desire to Make Money -- 12. The Importance of Doing Nothing -- 13. How a Trade Is Implemented Can Be More Important Than the Trade Itself -- 14. Trading Around a Position Can Be Beneficial.

15. Position Size Can Be More Important Than the Entry Price -- 16. Determining the Trade Size -- 17. Vary Market Exposure Based on Opportunities -- 18. Seek an Asymmetric Return/Risk Profile -- 19. Beware of Trades Borne of Euphoria -- 20. If You Are on the Right Side of Euphoria or Panic, Lighten Up -- 21. Staring at the Screen All Day Can Be Expensive -- 22. Just Because You've Heard It 100 Times Doesn't Make It Less Important: Risk Control Is Critical -- 23. Don't Try to Be 100 Percent Right -- 24. Protective Stops Need to Be Consistent with the Trade Analysis -- 25. Constraining Monthly Losses Is Only a Good Idea if It Is Consistent with the Trading Strategy -- 26. The Power of Diversification -- 27. Correlation Can Be Misleading -- 28. The Price Action in Related Markets Can Sometimes Provide Important Trading Clues -- 29. Markets Behave Differently in Different Environments -- 30. Pay Attention to How the Market Responds to News -- 31. Major Fundamental Events May Often Be Followed by Counterintuitive Price Movements -- 32. Situations Characterized by the Potential for a Widely Divergent Binary Outcome Can Often Provide Excellent Buying Opportunities in Options -- 33. A Stock Can Be Well-Priced Even if It Has Already Gone Up a Lot -- 34. Don't Make Trading Decisions Based on Where You Bought (or Sold) a Stock -- 35. Potential New Revenue Sources That Are More Than a Year Out May Not Be Reflected in the Current Stock Price -- 36. Value Investing Works -- 37. The Effcient Market Hypothesis Provides an Inaccurate Model of How the Market Really Works -- 38. It Is Usually a Mistake for a Manager to Alter Investment Decisions or the Investment Process to Better Fit Investor Demands -- 39. Volatility and Risk Are Not Synonymous -- 40. It Is a Mistake to Select Managers Based Solely on Past Performance -- Epilogue -- Appendix A: The Gain to Pain Ratio.

Appendix B: Options-Understanding the Basics -- About the Author -- Index -- End User License Agreement.