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Lionel and all of you on this thread-
I also found the Krauz book on his website, http://www.fibonaccitrader.com/.
Another member of this list has posted it as well, but you don't save any
money on the price. While it seems to me that most trading systems have a
most undeserved mystique about them, perhaps Gann's are even more shrouded
in mysticism. One is supposed to believe that the Holy Grail left this
planet with Gann, unless we can rediscover the secret reading all those
books(or pay someone for the priveledge of unraveling "it" for us).
Personally, I liked Gann's main book, but it doesn't surprise me that he
might have become overconfident, misjudged the market and violated his own
money management and trading principles. Sounds like he even tried the old
'blame it on the broker' excuse. And look what happened to Livermore, after
being an extremely successful trader he managed to lose it all, then turned
to a drunk and finally committed suicide.
I think there is a lesson here for all of us, more than another mechanical
trading system. There is no point in working hard becoming sucessful, only
to self-destruct in the end. If it's going to be that hard, might as well
leave it in CD's and enjoy life. And, then there would be more time for
eating, sleeping and sex.
Ron Scott
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
Sent: Wednesday, November 22, 2000 9:46 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: Market Gurus (William Gann)
Ron:
After a tedious search I find the title: "A W.D. Gann Treasure
Rediscovered", by Robert Krauz. its about $160 and seems to be out of print.
Traders Press might have it.
Lambert-Gann was bought by Nikki Jones. Her web site is
http://www.wdgann.com/ It shows Gann's recommended reading list, mostly or
all books on mysticism. I think that the reading list is a red herring. If
anyone tried to read this booklist, they would not have any time for eating,
sleeping, sex or trading.
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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