I think if he were to write a new volume in the series, he should go to the other extreme and name it "Market Blizzards: The Terrifying Tales of Superstar Traders Turned Cab Drivers Following Sub Prime Meltdown"
A two part chapter. Part I: How to Lose Your Bar Mitzvah Money Part II: Go to the Internet to Beg for More
read inside the house of money - it's the Macro traders guide to hedge fund traders. Drobny wrote it. Read the Trader Monthly annual guide to the top 100 traders - complete with annual earnings. Probably better in some ways, but lagging in the in-depth type of interviews that Schwager did. There are alot more traders now it seems than when Schwager wrote his book- the hedge fund industry was tiny. Now there are people who all they do is run carry trades.... the times they are a changing. and BTW, the CDS market didn't even exist to my knowledge when Schwager wrote that... now we have Paulson, Falcone, Etc...
Shwager should do a book on his own trading performance. Comparing between the before and after the books... If the interviews has helped his own trading, it'd probably push his book sales a whole lot more.
Yeah, Jack is due for another in the series, for sure. I hope this time he doesn't repeated the previous screwup by interviewing everyone at the peak of a bull market. Actually I can just see it now - in 4-5 years he will release "Commodity Market Wizards", just in time for the top in that market. In the meantime, Drobny's book is a reasonable substitute. The main problem I have with these books is they don't ask the right questions. They don't really focus on how to manage a position - how to handle drawdowns, pullbacks, changes in the fundamentals etc. It's all about how to get the idea, or how did you start. Not exactly helpful.
Excluding me because i just post to aggravate more then inform most of the time. There should be a book about the idiots that live or die from what they post, read, believe etc in ET. TOP 10 morons from ET