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Chan it makes no difference Williams lacks integrity. When Ben Hogan went
into the golf club business he had a partner. The partner cut corners and
produce a K-Mart type golf club. When Ben got time from playing the tour he
looked at these clubs with his name on them and had them destroyed. This
action broke his partner and cost him a lot of money. He told his partner
you can make any type club you want but if my name goes on it then it has
to represent quality. Hogan later went on to make those quality golf clubs
and created a very successful company known for quality. People defend
Larry Williams as a nice man with honest intent that has marketable trading
ideas. I have not disputed that but he only tells half his story the part
you can make something for nothing. Sleazy and I wouldn't put my name on
that crap if you paid me a million dollars.
Robert
At 09:52 AM 12/19/1999 -0500, Lawrence Chan wrote:
>
>I am not defending Larry Williams, but he was pretty honest looooong
>time ago when he first started out doing his seminars ...
>
>You could ask basically anything and you get everything he knows
>at that point in time from him.
>
>And if you do backtesting, you can easily find that his stuff
>works well, BEFORE and for a short period of time right after
>the seminars started ...
>
>so, it is a pretty classic scenerio -
>
>Someone find a pretty good method trading.
>Made a killing for himself.
>Then he has the urge to tell the world how these markets work
>and the "gurus" are b-llsh-ting.
>The result is always the same though, his method got discounted
>into the markets and becomes part of it.
>
>I can't tell whether he is doing great or not right now nor can
>I tell whether his new stuff works now because I have not
>had the time to do testing on his ideas.
>
>But I can tell one thing - his old ideas works when he was
>trading them, before he started out on his seminar business.
>
>-Lawrence Chan
>
>
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