The Greatest Traders of All Time

Twenty-four stories of the greatest traders who ever lived. What they knew, what they risked — and the science of what actually works.

Seven nights. One old trader, ruined in the crash of 1987, and one young one who is up 41 percent on the year, with a third of his book in a single chip stock, and wants to double the position before the company reports. By the fire in a study full of books, the old man tells him about the men who made the greatest trades in history — and what each of them paid.

This is the second edition, completely rewritten. Every chapter shows a famous trade working, with the real numbers, and teaches one thing that is true:

The Evidence — what published research says about the pattern behind the trade, with its size and its caveats. At the Table — the poker or betting version of the lesson, with the arithmetic. The Mind — what psychology knows about the trap, and one practice you can use. Back of the Envelope — a quick estimate you can do yourself. 44 black-and-white charts, from public data and the arithmetic behind each lesson.

24 Rules, collected at the back in The Notebook. Every study summarised in plain English, and the sources for every chapter listed in the notes.