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I draw your attention to the following article, especially item 3:
"Who is the most unusual trader you ever interviewed"?
http://www.moneybags.com.au/profile.asp?id=1363
Two consecutive 300%PA plus public performances from Mark Cook.
It is possible that he was just incredibly lucky (are we fooled by
randomness a la Taleb)?
He was also incredibly lucky for a period spanning 6 years before
that (trading bonds and stock indexes!)
Note that the period 1992-1993 when he publically achieved those
results was not a particularly outstanding two years for equities.
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> Howard,
>
> >Any time someone suggests a growth of more than about 40% per
year,
> >take that with a very large grain of salt.
>
> I expected you to disagree with my statement.
> I'm sure a lot of traders would be aghast at the numbers I quoted
as
> the theoretical potential.
>
> At his website Professor John Price posts audited returns of approx
> 20-25% PA over a 5 year period, or more, using simple Techno-
> fundamental methods (as I recall the figures).
>
> The caveat there is that the sample period is short and selective.
>
> Trading on margin that would return 30-35% PA with less than half
an
> hour a days work and no effort to use any other timing mechanisms.
>
> If your statement is true we can all give up any further efforts
and
> simple trade his method.
>
> Similarly, the ASX, which is a high dividend paying market (due to
> franking) has total returns of in excess of 15% PA on average over
> longer time periods.
> Using simple leveraged buy&hold strategies that is 20-25% without
any
> ongoing effort required what-so-ever.
>
> In "Stock Market Wizards", Schwager, Jack.D, Harper Business 2001
the
> first page of the first chapter in the book quotes Stuart Walton,
> fund manager, who achieved "115 percent average annual compounded
> return in trading profits" un 8 consecutive years during the
nineties.
>
> As I understand it Schwager's books are well researched and based
on
> verifiable case studies?
>
> I only opened the book at the first chapter and didn't need to go
any
> further or to his other 2 books containing similar testimonies.
>
> brian_z
>
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