W.D Gann died broke?
Some time ago Soultrader commented on Gann: "Gann died broke"... end of story, right? Well, if everything would be that simple in this world. Personally I can not find a proof for that statement and oposite either. But on the other hand notice some facts:
1). "By 1936 the lowest tax rate had reached 4 percent and the top rate was up to 79 percent."
2). Gann bought a plane.
3). Gann was hiring 25 (some say 35) people constantly in his wall street office.
Now, taxes and his plane is very interesting. Some say that: "Gann used planes to inspect crops, however this is highly unlikely as he knew in advance what the market was doing". Dont you think it would be strange for him to inspect crops? Now checkt this theory out: ""It was possible that the planes were a tax deduction and he flew the money he made to a South American bank account." Is this a proof that he wasnt broke? No, its not. Its just a theory. The same theory as the one he died broke.
Im not trying to defend or acuse here. At least not in this way by combining facts which might not even be facts. All im saying here is: folks like Soultrader who states that Gann died broke have no clue what they are talking about. Its like reading a line in a magazine and taking it as a truth. Come on, you can do better than that, cant you?
1). "By 1936 the lowest tax rate had reached 4 percent and the top rate was up to 79 percent."
2). Gann bought a plane.
3). Gann was hiring 25 (some say 35) people constantly in his wall street office.
Now, taxes and his plane is very interesting. Some say that: "Gann used planes to inspect crops, however this is highly unlikely as he knew in advance what the market was doing". Dont you think it would be strange for him to inspect crops? Now checkt this theory out: ""It was possible that the planes were a tax deduction and he flew the money he made to a South American bank account." Is this a proof that he wasnt broke? No, its not. Its just a theory. The same theory as the one he died broke.
Im not trying to defend or acuse here. At least not in this way by combining facts which might not even be facts. All im saying here is: folks like Soultrader who states that Gann died broke have no clue what they are talking about. Its like reading a line in a magazine and taking it as a truth. Come on, you can do better than that, cant you?

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