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Lionel-
No, I have not heard of Gann's Secret. Is is by Krauze or originally by
Gann? I only have Gann's "How To Make Profits Trading Commodities" book. You
might have to try a used book dealer, unless it might be at one of the
trading book places new. I have heard the story about Gann's wife selling
his materials to Lambert. On page of 139 of Louis Borsellino's book, he
claims to have invested in original rights of the Gann's charts and
overlays. I have no idea if he is referring to the same materials supposedly
sold to Lambert. But I also heard Lambert died.
It would be quite interesting to know what the real story is, and also the
truth about Gann's actual trading profits. Borsellino seems to be a very
successful and capable index futures trader. Since he's been at it for 20
years, he must be at least marginally consistent over a long period of time.
It is therefore hard to understand why he'd even want to follow Gann, unless
Gann was far more successful than his son let on. Perhaps, it is possible
that Gann did make $50 million and hid it somewhere overseas, and his son
was in on it. Then, after dad dies, he acts like he's broke so the IRS
doesn't catch on. After all, if Gann had even a fraction of the financial
savvy attributed to him, setting up an offshore tax haven would not have
been too difficult for him.
Something doesn't add up here. Maybe Gann was just as bad a trader as his
son said, and swiped all his material from someone else just so he could
write about it and sell books. But it seems there must be more to it than
that, or maybe, like others, I just want to believe in the myth.
Anyone know anything more?
Ron Scott
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
Sent: Tuesday, November 21, 2000 10:14 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Market Gurus
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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