Interview with Michael Steinhardt: The Concept of Variant Perception
Jack D. Schwager is Director of Futures Research and Trading at Prudential Securities. He formerly held similar positions at Paine Webber and Smith Barney, with a total of twenty-two years' experience heading up futures research departments. He is also a Commodity Trading Advisor and one of the coprincipals of Wizard Trading. Mr. Schwager is the author of the highly regarded A Complete Guide to the Futures Markets, and the Schwager on Futures series that includes the titles Fundamental Analysis and Technical Analysis, all published by Wiley. His writing has appeared in many publications, including the Handbook of Futures Markets, The New York Times, and Forbes. Much in demand as a speaker, he has lectured on a range of analytical topics, with a particular focus on great traders, technical analysis, and trading system evaluation.
Part 1. Blighting never strikes twice / Michael Marcus Part 2. The world trader / Bruce Kovner Part 3. A legend retires / Richard Dennis Part 4. The art of aggressive trading / Paul Tudor Jones Yes, they do trade T-bonds in Peoria / Gary Bielfeldt Part 5. Everybody gets what they want / Ed Seykota Respecting risk / Larry Hite Part 6. The concept of variant perception / Michael Steinhardt Part 7. The art of stock selection / William O'Neil Stock investment as a treasure hunt / David Ryan Part 8. Champion trader / Marty Schwartz Part 9. Buying value and selling hysteria / James B. Rogers, Jr. Part 10. High-percentage trader / Mark Weinstein Broker turned trader / Brian Gelber Part 11. The fearless pit trader / Tom Baldwin "One-lot" triumphs / Tony Saliba Part 12. The psychology of trading / Dr. Van K. Tharp The trade: a personal experience Postscript: dreams and trading Final word