Rating: - Too much fluff.
This book lacks any real substance. I was hoping to have sample systems used by trend-followers, but all you get are statistics about how "if you had invested X dollars using trend-follower's (Bill Dunn, John W. Henry, etc...) system you would have an amazing Y dollars today!" You learn that trend-followers made their millions following trends (honestly that's about as deep is it gets). You mostly get figures showing that you want to get into an equity in the middle part of the up/down trend and buy/sell when the trend turns (duh). That's great that these guys made plenty of money using trend-following, but that does not help me understand how they do it. I would certainly look elsewhere for trend-following information.

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Rating: - Insightful!
This is a book very much in the tradition of Jack Schwager's Market Wizards. Like Schwager, author Michael Covel interviewed a number of great traders and attempted to capture the essence of each trader's approach to trading. The author does a good job of presenting the basics of trend following. Though much of what he says will come as no news to anyone who has read very widely in the literature of trading, his liberal quotations from other authors enliven what would otherwise be an uphill read. The author has a good eye for a snappy quote, and we believe that even if you buy this book only for the quotations, you will certainly get your money's worth. What you earn from following the trend masters' stock tips is entirely up to you.

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Rating: - Readable, but far from helpful
About four years ago I read the original edition of it, wrote a review with a five star rating on Amazon which Amazon had never published for a reason I never know. Neverthless, I put it on my Listmania List for Traders for years. Today, after I finished the expanded edition, I removed it from my Listmania List. I admit that my expectation had been raised. I am not satisfied with histories/philosophies/tactics of highly successful trend followers. I already buy into the Trend Following Strategy so the tons of arguments from the author against "Buy and Hold" become meaningless to me. I want to look more into each, for something that I can readily copy and profit. In short, still a good (but over stretched) introduction to trend following. Readable with plenty of quotes from great traders, but definitely not on any aspiring trend followers/traders top priority list.

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Rating: - Not much substance
I did not find any useable information in this book. I did, however, find a lot of fluff and hype between ideas that have been around for years. Why are trading books like this written?

I recommend instead "Evidence-Based Technical Analysis" by David Aronson. That book has measurably helped my trading.

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Rating: - Gotta Read it
I've always been intrigued by what makes top traders tick like the ones in Market Wizards. Because like most people what I do is just keep on investing in the same mutual funds I've invested in for years. This book made me think that there actually is an alternative to buy and hold.