I draw your attention to the following article, especially item 3: "Who is the most unusual trader you ever interviewed"?
http://www.moneybags.com.au/profile.asp?id=1363 Two consecutive 300%PA plus public performances from Mark Cook. It is possible that he was just incredibly lucky (are we fooled by randomness a la Taleb)? He was also incredibly lucky for a period spanning 6 years before that (trading bonds and stock indexes!) Note that the period 1992-1993 when he publically achieved those results was not a particularly outstanding two years for equities. brian_z --- In [email protected], "brian_z111" <[EMAIL PROTECTED]> wrote: > > Howard, > > >Any time someone suggests a growth of more than about 40% per year, > >take that with a very large grain of salt. > > I expected you to disagree with my statement. > I'm sure a lot of traders would be aghast at the numbers I quoted as > the theoretical potential. > > At his website Professor John Price posts audited returns of approx > 20-25% PA over a 5 year period, or more, using simple Techno- > fundamental methods (as I recall the figures). > > The caveat there is that the sample period is short and selective. > > Trading on margin that would return 30-35% PA with less than half an > hour a days work and no effort to use any other timing mechanisms. > > If your statement is true we can all give up any further efforts and > simple trade his method. > > Similarly, the ASX, which is a high dividend paying market (due to > franking) has total returns of in excess of 15% PA on average over > longer time periods. > Using simple leveraged buy&hold strategies that is 20-25% without any > ongoing effort required what-so-ever. > > In "Stock Market Wizards", Schwager, Jack.D, Harper Business 2001 the > first page of the first chapter in the book quotes Stuart Walton, > fund manager, who achieved "115 percent average annual compounded > return in trading profits" un 8 consecutive years during the nineties. > > As I understand it Schwager's books are well researched and based on > verifiable case studies? > > I only opened the book at the first chapter and didn't need to go any > further or to his other 2 books containing similar testimonies. > > brian_z >
