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Ron:
Thanks for the lead about Borsellino. I had never heard of him.
I thought that Gann's wife sold everything to Lambert, and that Lambert
recently died or retired and these materials were sold to someone else
(Borsellino?).
About a year ago someone, I thought his name was Robert Krauz, wrote about
Gann's Secret (or some such title). Do You know anything about this book?
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "Ron Scott" <ron@xxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, November 21, 2000 7:26 PM
Subject: RE: Market Gurus
> Neo and Lionel-
>
> Thank you for clearing the confusion regarding the legendary William Gann.
I
> had heard somewhere he was worth $50 million when he died. Must have been
a
> nothing but a rumor. Whatever his net worth, while there are some good
> trading concepts to be extracted from his work, it sure isn't fun digging
> them out. And the mysticism stuff is rampant, with no way to know what he
> really meant. Borsellino thinks highly of him too, sounds like the most
> money he made was when his estate sold his materials to Borsellino. Maybe
> the true secrets were in that material. hmmmmmmmm. Does anyone know where
> the $50 million rumor came from, or if there is any truth to it? Did the
guy
> ever make any money trading, or just write about it?
>
> Ron Scott
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> Sent: Tuesday, November 21, 2000 2:52 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Market Gurus
>
>
> There was a discussion here about 2 years ago. The value of Gann's estate
> back in the 1950's was put at a number of different values that ranged
> around $55 and $100 k. Prices have gone up around 10 times since then.
> Gann's estate in present day $s was not more than $1meg. this is not very
> impressive for a great trader. Most of Gann's estate was in the value of
his
> house.
>
> At her web page and in her book, Constance Brown thinks very highly of
> Gann's methods, along with Elliot wave and Fibonacci methods. At her web
> page Brown suggests that Gann's methods were based on musical intervals
> which are logarithmic. Does anyone have the knowledge and skill to follow
up
> on the hints at her web site?
>
> Gann deliberately wrote in the obscure style of some professional mystics
> and some academicians who work hard at hiding the fact that they may not
> have much to hide. I find it hard enough to learn something new without it
> being made difficult.
>
> When I was a child it was said that only 4 people in the world understood
> Einstein's theories. When Einstein was asked about this he laughed and
said
> that he had personally met at least 600 people who fully understood his
> theories. Almost any subject can be made understandable to a lay person if
> the speaker will make an effort to do so.
> Lionel Issen
> lissen@xxxxxxxxx
> ----- Original Message -----
> From: "neo" <neo1@xxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, November 21, 2000 12:52 PM
> Subject: Market Gurus
>
>
> > I am reading Elder's "Trading for a Living" where he talks about market
> > gurus including Elliott and Gann:
> >
> > "I interviewed...Gann's son... He told me that his famous father could
not
> > support his family by trading but earned his living by writing and
selling
> > instructional courses... When [he] died...his estate...was valued at
> > slightly over $100,000."
> >
> > neo
> >
> >
> >
>
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