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Frans:
This is interesting information. If Krausz' book is mostly a repetition of
Gann's notes, isn't it likely to be as arcane and difficult as most books by
or about Gann?
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "Frans Derksen" <fjderksen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, November 22, 2000 11:28 AM
Subject: Re: Market Gurus (William Gann)
>
> Ron, Joe, Lionel et all,
>
> In his book W.D. Gann Treasure Discovered, Robert Krausz tells this: In
the
> 1950's Gann charged US$ 5000.= for his trading courses.(today that would
be
> something like US$ 50,000.=) A guy named Joe Rondinone actually bought
this
> course in 1955 and about ten years ago Krausz got this original course as
a
> gift from Joe. As Krausz stated he paid a symbolic dollar. In his book
> Krausz shows some copied pages of this trading-course including
handwritten
> notes by the master himself in purple ink.
> The entire treasure consisted of five courses and two unfinished pages,all
> typed on W.D.Gann's letterhead and all in their original binding.
>
> With his kind of humor Krausz lets us know that in those days one could
buy
> a three bedroom house for about $5000.= So you had to be pretty serious
> about your trading to pay that amount of money.....
>
> Rgds.
> Frans
>
> >Ron:
> >
> >A long time ago I read, and it was mentioned on this listserver, that
Gann's
> >brokers went bankrupt and left him broke. Other speculators made money
and
> >could show it. Jesse Livermore made money and put much of it into trust
> >funds for his wife and daughter (he committed suicide around 1937). My
> >feeling is that if Gann was as good as he was reputed to be, other
wealthy
> >people would have bankrolled him after his brokers failed. There is a
> >possibility that while he understood the market, he may not have had the
> >decision making ability to make money at it.
> >
> >The stories I read about his son were that he had a relatively small job
in
> >the investment business and only used fundamental analysis. Perhaps his
> >father mistreated him and wouldn't teach him his methods.
> >
> >
> >Lionel Issen
> >lissen@xxxxxxxxx
> >----- Original Message -----
> >From: "Ron Scott" <ron@xxxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Wednesday, November 22, 2000 12:58 AM
> >Subject: RE: Market Gurus (William Gann)
> >
> >
> >> 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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