From the shelf · 102 money books
Does Market Wizards hold up?
Market Wizards (Schwager) is one of the 102 money books on The Money Shelf. It was on the Amazon bestseller lists for personal finance or investing in the United States, the United Kingdom and Australia on 2 October 2026. The shelf links it to 2 of the 22 claims that the book tests against official records from the United States, the United Kingdom and Australia. Each verdict below comes from that test.
Claim 12 · Linked to the book by its title and subtitleStock picking: you can pick winning stocks
Not establishedThe stock-level studies show that a few firms account for all the net wealth, so a small random portfolio is likely to miss them, and the SPIVA scorecards show most professional managers lagging their index.
Read the full test →Claim 18 · Linked to the book by its title and subtitleDay trading: you can make a living from it
Does not holdThe claim that trading can be learned and turned into an income fails for most of the traders and CFD clients studied, because each study of day traders or CFD clients in Brazil, the United Kingdom, Australia and the US sample finds that most lost money.
Read the full test →One book holds the whole shelf: 22 claims from 102 popular money books, every figure dated, every source named, and the arithmetic worked through for three countries.
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