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Re: Market Gurus (William Gann)



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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
> > >
> > >
> > >
> >
>