The best books about traders

Who am I?

I am the author of a dozen books about trading, including the iconic Market Wizards series in which I interviewed many of the world’s best traders during the past thirty-plus years. My books have been translated into over 20 languages and cumulatively have sold millions of copies worldwide. My career also includes over 20 years as a research director for some of Wall Street’s leading firms, 10 years as a partner in a hedge fund advisory firm, and most recently the co-founder of a fintech startup (fundseeder.com).


I wrote...

Unknown Market Wizards: The Best Traders You've Never Heard Of

By Jack D. Schwager,

Book cover of Unknown Market Wizards: The Best Traders You've Never Heard Of

What is my book about?

Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers.

The books I picked & why

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Liar's Poker

By Michael Lewis,

Book cover of Liar's Poker

Why this book?

Lewis is a phenomenal writer. Anything he has written can be assumed to be a great read. Liar’s Poker is Lewis’s account of his experiences as a trainee and bond salesman at Solomon Brothers in the 1980s—A very entertaining and humor-filled narrative.


The Big Short: Inside the Doomsday Machine

By Michael Lewis,

Book cover of The Big Short: Inside the Doomsday Machine

Why this book?

Lewis’s account of the traders who got it right in 2008 is a magnificent achievement in that he somehow manages to take highly complex and esoteric material and make it both comprehensible to the lay reader and wildly entertaining. To give credit where due, I found one of my interview subjects for Hedge Fund Market Wizards (Jamie Mai) by reading this book.


When Genius Failed: The Rise and Fall of Long-Term Capital Management

By Roger Lowenstein,

Book cover of When Genius Failed: The Rise and Fall of Long-Term Capital Management

Why this book?

The true story behind the rise and fall of Long Term Capital Management. Most people think it was simply about excess leverage. When you read Lowenstein’s account, you will see that there was a lot more to it than that. As a financial author, I admire authors who can take esoteric financial subject material and transform it into a comprehensible and entertaining narrative. In this respect, this book is similar to Michel Lewis’s The Big Short.


More Money Than God: Hedge Funds and the Making of a New Elite

By Sebastian Mallaby,

Book cover of More Money Than God: Hedge Funds and the Making of a New Elite

Why this book?

Personally, I am not crazy about the title, but this book is an excellent account of the history of hedge funds. The book is thoroughly researched, very well written, and accurate based on my experience in writing about the same subject matter.


What I Learned Losing a Million Dollars

By Jim Paul, Brendan Moynihan,

Book cover of What I Learned Losing a Million Dollars

Why this book?

A book I liked enough to agree to write the foreword. To quote from my own foreword, “There is more to be learned from Jim Paul’s true story of failure than from a stack of books promising to reveal the secret formula for success. Not only that, What I Learned Losing A Million Dollars is a much more entertaining read.”


5 book lists we think you will like!

Interested in hedge funds, speculation, and financial crises?

5,888 authors have recommended their favorite books and what they love about them. Browse their picks for the best books about hedge funds, speculation, and financial crises.

Hedge Funds Explore 7 books about hedge funds
Speculation Explore 8 books about speculation
Financial Crises Explore 10 books about financial crises

And, 3 books we think you will enjoy!

We think you will like The Devil in the White City, Deaths of Despair and the Future of Capitalism, and The Righteous Mind if you like this list.