Market Wizards: The Next Generation: The world's top young traders reveal how they beat the market

by Jack D. Schwager, George Coyle

Genres: Finance, Business

396 pages, Hardcover

Published June 9, 2026

About the author

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).

Reviews

[AP · Rating 5 out of 5]

Another great market wizards book from Mr. Schwager to add to his ever expanding list.

[Mindie · Rating 3 out of 5]

Love the series but these interviews seemed more formulaic than the nuanced questions in past books.

[Ravi Sinha · Rating 5 out of 5]

The underlying elements in all the market wizards books are the same timeless principles - hard work, discipline, the cerebral nature of it (math, etc.), mistakes, and life lessons. Dozens of wizards books have been written with dozens of traders portrayed who all practice their craft in a dozen different ways, but the underlying principles remain the same, as does the substantial monetary potential. I also enjoy the reflections on mistakes, life lessons, and how they all inevitably lose money if they get complacent and start ignoring their own rules. Jack S does it again. It's another treat. And since it's new, and showcases modern traders, it's also more relatable than his older works.

[Thomas Fielden · Rating 3 out of 5]

Was looking forward to another Market Wizards book in the series - found this one a little bit too repetitive in the strategies being run and also quite a few traders with very low risk profiles which felt less special compared to other traders in the series. Still an enjoyable read with some interesting stories and insights.

[Teddy · Rating 5 out of 5]

Love it.