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William Gann life story
William D Gann the truth and nothing but the truth. Was he a trader, a sales person, a fraud or a genius?
The official suppler of W D Gann licensed products are: WDGann.com
RTT comments: The follow Gann story is the best we could find. The reader can decide for themselves. After the article there
are links for your own research.
William Delbert Gann or W.D. Gann was born in 1878 the first-born of 11 children in Lufkin Texas
United States. His father was a cotton farmer and his mother was a devout Baptist ensuring the
whole family had a strict Baptist upbringing. The family was poor lived in a small house and W.D.
Gann had to walk 7 miles to school. As W.D. Gann was the oldest son he was required to work on
the farm to help support the family. Consequently he only had three years of elementary
education and never attended high school.
In 1894 aged 13 he obtained a job selling newspapers and food on Texas trains. In 1901 obtains a
brokerage job in Texarkana Texas and attends business school at night. Also in 1901 Gann
married his first wife Rena May Smith and in 1903 Gann moved to New York. Gann had two
daughters, Macie and Nora with his first wife. In On 12 September 1905, an article appeared in
the Texarkanian, giving Gann’s view on cotton prices. In 1907 Gann allegedly made huge profits
by predicating the panic in stocks and the fall in commodities prices. In 1907 what was later called
Panic of 1907 or the 1907 Bankers’ Panic the New york Stock exchange fell 50% from its peak the
previous year and there were numerous runs on banks.(Note no independent verification than
Gann made huge profits in 1907 crash) In 1908, at the age of 30, Gann divorced his first wife
Rena May and marries his second wife, 19 year-old Sarah (also known as Sadie) Hannify. His two
daughters moved to New York to live with their father. Gann has two children with Sarah Velma
born 1909 and John born 1915. In 1908 Gann discovered Master Time Factor a technique for predicting the trend of
stocks and commodities. He said the master time factor enables him to predicts months and years in advance the
high and low prices of commodities and stocks. Gann stated that using this technique he started “trading with a
capital of $300 and made $25,000 3 months later . ”
[RTT comment: Master Timer Factor theories are applied by modern day forecasters like Daniel Ferrera,
Marketanthropology.com and McClellan Financial Publishing. They applying the Gann belief that nothing is new the financial
markets, and the current day price action has happened before and therefore history can be used to predict future trends. For
example compare the Dow Jones 1867-1907 vs 1998-1938 (this is Master Time Factor logic).
Click for popup. Clear your browser cache if image is not showing.
As at September 2013, it looks like stocks are in for a tough ride into a bottom in 2015.]
In 1909 Richard Wyckoff, editor of the Ticker and Investment Digest a leading stock
market journal of the time and one of the most respected writers on the stock market
of all time, wrote an article on Gann’s discoveries and his exceptional trading ability.
The article was titled “William D. Gann. An Operator Whose Science and Ability Place
Him in the Front Rank. His Remarkable Predictions and Trading Record’. (Note this
article is widely reprinted on the internet and the article did appear in the publication
listed above) An independent representative of Ticker and Investment Digest was
able to verify Gann’s success as a trader. “I once saw him take $130, and in less that
one month run it up to over $12,000. He can compound money faster than any man I
ever met.” In early 1914 Gann predicted a world war and a panic in stocks. It was
widely reported he predicted the elections of Wilson and Harding and, indeed, of
every president since 1904. (Haven’t found original sources on the internet with proof of
these predictions preceding statement needs more verification) In March 1918 Gann
successfully predicted the end of World War I and the abdication of the Kaiser. His prediction
was acknowledged in many leading newspapers, including the New York Times. (Searched the New York Times archives online
no articles in 1918 were published about W.D Gann. These predictions could have been published in other papers but not the
New York Times.)
Gann also began publishing a daily market letter in 1919 titled, “The Supply and Demand Newsletter,” which covered the topics
of stocks and commodities as well as publicizing yearly forecasts.In early 1923, Gann started another service called “The Busy
Man’s Service,” where Gann supervised the trading accounts of various professionals and business men instructing them on
what to buy, when to buy it, and when to sell. Gann’s market forecasts during the 1920s were also said by many to be
approximately 85% accurate.According to Gann the basic premise behind his trading method was that the future
is a repetition of the past and that time governed all parts of market movements. He stated that his discoveries
enabled him to understand just how and when the effects of natural law governed the actions of men over cycles
of time. It has been stated that Gann was so adept at trading stocks and commodities based on his unique time and price
discoveries that he was able to publish forecasts for yearly highs and lows on multiple markets with uncanny accuracy many
months in advance. Gann began to believe in a hidden order, he wanted to know why and how markets, and numbers repeated
under certain time cycles. This led to further studies of ancient geometry and astrology.
[RTT Comment: Astrology is simply very large cycle periods based on the planets spinning around the sun. The earth is 365
days, Earth 50% cycle is 182, Earth 20% is 73 days, etc. Other Cycle periods by days:
Mercury 88.97
Venus 224.70
Earth 365.26 (days around the sun, or Cycle period)
Mars 686.98
Jupiter 4331.98
Saturn 10760.60
Uranus 30685.50
Neptune 61285.25
Pluto 90465.38
It is just the astrology folks give the cycle patterns very fancy astrology names: MARS trine URANUS on the Sept 14 2013.
More Gann and astrology found here]
In 1927 Gann wrote the science fiction novel Tunnel Thru the Air. In Tunnel Thru the Air Gann predicted World War II, in
particular the attack on the United States by Japan. ( Note I haven’t read this book to verify this claim) The book is set to be
cryptically written and the master time factor and other Gann secrets have been hidden in the weave of the plot of the book.
For many years, traders try to uncover the secrets of this book, but few have succeed. In 1928 Gann was said to have
successfully predicted the bull market peak in September 3, 1929 and subsequent greatest in the history of panic. It was also
stated that Gann picked the bottom of the 1929-1932 stock market crash and recommended to his clients to buy stocks in 1932
at the bottom of the market . In 1931 Gann became a member of the New York Stock Exchange rubber and the New Orleans
Cotton Exchange.
In 1932 Gann brought his first plane and hired the famous aviatrix Elinor Smith as his pilot. In 1936 Gann purchased an all
metal airplane called the silver star. He was said to be the first private citizen in the United States to own an all metal plane.
Some websites state that Gann used famous aviatrix Elinor Smith for 19 years as his pilot. ( Following sourced from Wikipedia)
“Elinor Smith married Patrick Sullivan in 1933 she kept flying for a while after their 1933 marriage, but once she had a child she
retired from flying and spent over 20 years as a suburban housewife. Patrick Sullivan died in 1956, and Elinor Smith returned to
the air.” Gann got his first plane in 1932 Elinor Smith could have only flown for him in the years 1932 to 1935 when she had
her first child not 19 years. Various reasons have been given for his purchase of the planes the first is that so he could fly over
crop areas in the United States and South America making observations to use in his forecasts. Another reason claimed was
that Gann was studying astrology, numerology and other esoteric arts to enhance his trading techniques.It is claimed Gann
visited the Aztec pyramid complex at Teotihuacan and the Mayan pyramid complex at Chichen Itza. Gann believed that pyramid
complexes mentioned apparently contained encoded advanced astronomical/ astrological knowledge.
It has also been stated that Gann spent many months in New York’s Astor Library researching stock and
commodity markets. Gann also went to London and spent nine months in the British Museum researching stock
and commodity prices dating back to the 1820’s along with wheat prices going all the way back to the 1200’s. He
studied the prices going back hundreds of years to gain knowledge of cycles that occurred in commodities prices.
Gann travelled to Egypt were he visited the pyramids to study ancient geometry. On his trip to India, he obtained
the “square of nine” chart, as it was apparently an old Indian tea calculator. The square of nine chart is one Gann
trading techniques.
In 1937 Gann’s Son John L Gann worked in his father’s business until 1941 when he was called up to serve in the United States
military. In 1941 W. D Gann became a member of the Chicago Mercantile Exchange and published the book “How to Make
Profits in Commodities”. Sometime between 1937 and 1941 (record unclear) W.D Gann divorces his second wife Sadie who dies
in 1942. In 1943 he marries a woman 30 years his junior. In the 1941 version of the book “How to Make Profits in
Commodities” Gann included his son’s name and photo in the book . After the war Gann’s son briefly worked for his father. John
L. Gann, Jr., the grandson of William D. Gann states on a short article he wrote on W.D Gann that ” John L Gann then left to
pursue his own interests in the Industry. The two differed in their approach to the market.” This moment is one of the
most controversial of W.D. Gann’s life as there appears to be a complete spilt between father and son from this
time. Other sources state that clash of personalities between the two ended their business association in the mid
1940’s do to the science of astrology. John L Gann did not believe astrology/astronomy played a big enough part
in technical analysis to effect market trends or human behavior. This opinion upset his father as astrology played
a role in W.D Gann’s theories. The divorce of John Gann’s mother and marriage of W.D Gann to a women thirty years
younger also soured the relationship. In 1951 W.D Gann released an updated version of the book “How to Make Profits in
Commodities” and removed the name and photo of his son from the book. More on this father / son split later.
In 1943 Gann moved to Florida with his new wife. In the late 1940′s to his death in 1955 Gann sold his great master course to
private students for $5000. In present day values the course would cost $50000. This would have to be one of the world’s most
expensive trading courses. The course apparently contained a lot of information not released in his books. He died in 1955 and
it has been stated by many he died with a 50 million dollar fortune. In current day values this is about 500 million dollars. This
statement has been a source of controversy and disagreement between detractors and supporters of Gann. In 1950 Gann sold
the rights to all his books, personal trading charts, personal materials and trading tools to Edward Lambert who formed
Lambert Gann Publishing Co in 1951. In 1976 Bill and Nikki Jones of Pomeroy, Washington purchased Lambert Gann Publishing
Co from Edward Lambert. Since 2010 Lambert Gann Publishing Co is known as WD Gann Inc and is owned by the same family.
This becomes more important later.
Alexander Elder, in his book Trading for a Living said this about Gann “I interviewed W.D. Gann’s son, an analyst for a Boston
bank. 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 W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000.
Larry Williams in the book The Right Stock at the right time also stated he met W.D Gann son. Larry Williams stated that John
Gann said “”He asked why if his dad was a good as everyone said, the son was still smiling and dialing calling up customers to
trade”. Larry Williams in the same book says “I also met F.B Thatcher who had been Gann’s promoter and advance man who
said that Gann was just a good promoter, not necessarily a good stock trader”.
The issue of W.D Gann fortune is a very controversial. Gann’s son John told anyone who asked that his father was
a swindler and a fraud who made his money by charging thousands of dollars for trading seminars, and that rather
than being left millions of dollars his family was left with a modest inheritance. Gann’s supporters point to the
soured relationship mentioned above son as a reason for the statements he made. It could be easy to say John
Gann had a bad relationship with is father that is why he rubbished his trading techniques. If there was a fortune
even if John Gann was cut out of the will it would be logical John Gann and the rest of the family would take the
matter to court. There is no evidence of any court cases over W.D. Gann’s estate. This indicates there must be
some truth in what John Gann is saying. The estate of W.D Gann was modest not a fortune. The 50 million dollar
figure has absolutely no verification and is about 500 million dollars in todays values.
One very interesting point James A Hyerczyk in the book Pattern, Price &
Time: Using Gann Theory in Trading Systems, John Wiley & Sons states ” I
can say this with conviction the first mention of Gann’s $50,000,000 fortune
that I have seen is from a May 1982 Commodities article by Mr Billy Jones
who stated in one sentence in the article “over the next half century Gann
would take 50 million in profits out of the markets and keep most of it” ” Billy
Jones is Bill Jones (who passed away in 1989) who with his wife Nikki Jones
purchased Lambert Gann Publishing Co from Edward Lambert in 1976 as
mentioned above. Lambert Gann Publishing Co also known as WD Gann Inc
has many of W.D Gann private papers. It states on the WD Gann Inc website
” Nikki Jones may know more about the life of W. D. Gann than any person
on the planet. She has studied his life for decades and is on the Gann Family
Board of Directors. ” I assume Nikki Jones knows living and deceased family
members of W. D Gann. If he had a 50 million dollar fortune surely some of
his descendents would be reasonable wealthy. Nikki Jones would be the best
person to ask of the size of W. D. Gann estate.
From the evidence available Gann’s estate was relatively modest for a person
who spent his whole life in the securities business as a trader, author and
money manager. Some of Gann’s supporters have some bizarre theories to
account for the missing money. One of these theories is that Gann flew cash
down to South America in one of the airplanes he owned to deposit in secret
bank accounts. Gann would take his winnings out in cash fly them down to
South America and not pay tax. This sounds ridiculous ! Gann’s own
supporters suggest he is a serious tax cheat just so they can claim millions of
dollars of his fortune was hidden in South American Bank Accounts. Note this theory of flying cash to South America is hearsay
and no documented evidence has been produced to substantiate this claim.
As for Gann’s trading techniques I personally have read only one Gann book New Stock trend Detector. Originally written in
1936 the version I read was published in 2008 contains only 84 pages more a booklet than a book. It contains many
statements of good advice common in trading books published today such as learn to be independent and don’t blindly follow
the opinions of others, always use stop-loss orders, dont over trade, never risk more than X%” of your capital on a given trade,
let your winning trade’s ride and don’t average down. In the book he states (written in 1936) “I am confident that the Dow
Jones Industrial 30 Averages will never pass the 1929 high of 386. Many individual stocks may pass there 1929 highs but not
the index.” What a stunning forecast error. The Dow jones index didn’t pass its 1929 high until 1954 25 years later and since
then has climbed over the years.
W.D. Gann fraud or trading genius ? At this point I won’t pass judgement either way simply because I haven’t read enough of
his books to pass judgement on trading techniques. Some of the people who sell Gann products or are strong
supporters of Gann repeatedly making unverified claims about Gann. The alleged fortune Gann had of 50 million
has no evidence or verification. Some Gann supporters make wild claims why it has not been uncovered. Money
hidden in secret South American bank accounts. Claims that Gann was a 33rd degree freemason and he secretly left large
amounts of money to the freemasons. Gann became member of the freemasons in 1922 and officially dropped Masonic
affiliation in 1939. There is no evidence he left large amounts of money to the freemasons. I won’t call Gann a fraud or
genius yet because more research is needed. But I will accuse many supporters of Gann of making many
statements about him with complete lack of evidence.
Further research: These links cover some of the W D Gann subjects in different levels of detail and application.
Note: readtheticker.com has no association.
William Gann and Planet Cycles (General W D Gann comments)
How Gann Annual Forecast were Made (Master Time Factor and other Gann books)
Danial T Ferrera Annual Forecast (Astrology forecasts with Master Time Factor)
General links (Books, courses, software)
Mahendraprophecy.com (Astology)
Theidiotandthemoon.com (Astology)
Marketanthropology.com (Mirror forecasts, similar to Master Time Factor)
McClellan Financial Publishing (Mirror forecasts, similar to Master Time Factor)
WheelsInTheSky,com (Dedicated W D Gann research site)
Economic Indicator Services (Business cycle forecaster, W D Gann base)
William Delbert Gann full bio
William Delbert Gann was born on 6 June 1878 in Lufkin, Texas. His father, Samuel Houston Gann, was a teacher who
traded in cattle and horses. He also owned a billiard hall.
Gann's mother, Susan Rebecca Gann (nee Trevation) spent much of her time raising W.D. Gann and his younger brothers
and sisters. She taught the young William to read using the Bible - a book that was to later influence his thinking on the
nature of markets.
Gann's family was poor. Samuel, Susan and their eight children lived in a small house, and young William had to walk
seven miles to school each day, for three years. Gann never attended high school.
In 1894, William Gann, at the age of 16 years, obtained a minor's release, which allowed him to leave full-time schooling
and seek employment. Gann became a news butcher (someone who sells newspapers, food and so on) on a train that
traveled between Texarkana and Tyler, in Texas. He also worked in cotton warehouses.
In 1901, while working in a broker's office in Texarkana, Gann married his first wife, Rena May Smith.
In 1902, their first daughter was born - Nora. 1902 was also the first year that Gann had his first trade in cotton.
In 1903 Gann moved to New York. He was 25 years of age.
In 1905 his second daughter, Macie Burnie, was born. On 12 September 1905, an article appeared in the Texarkanian,
giving Gann's view on cotton prices.
In 1906 Gann worked as a broker in Oklahoma City.
In 1907 Gann made huge profits after predicting the panic in stocks and the fall in commodities.
In 1908, at the age of 30, Gann divorced Rena May and married his second wife, 19 year-old Sadie Hannify. His two
daughters moved to New York to live with their father.
It was in this year that he discovered his 'Master Time Factor'. He traded two trading accounts. The first he opened with
$300, and he made $25,000 in a period of three months. The second account started with $130 and he made $12,000 in
the same 30 days.
In 1909 Gann and Sadie had their first child, a daughter they named Velma. By this time Gann's had established his
reputation as an exceptionally talented trader.
Richard Wyckoff, editor of the Ticker and Investment Digest and one of the most respected writers on the stock market of
all time, wrote an article on Gann's discoveries and his exceptional trading ability. The article was titled 'William D. Gann.
An Operator Whose Science and Ability Place Him in the Front Rank. His Remarkable Predictions and Trading Record'.
In order to verify Gann's trading record, an independent observer monitored Gann's trading during October: During the
month of October, 1909, in twenty-five market days, Mr. Gann made, in the presence of our representative, two hundred
and eightly-six transactions in various stocks, on both the long and the short side of the market. Two hundred and sixty-
four of these transactions resulted in profits; twenty-two in losses. The capital with which he operated was doubled ten
times, so that at the end of the month he had one thousand per cent. on his original margin.
We have seen him give in one day sixteen successive orders in the same stock, eight of which turned out to be at either
the top or the bottom eighth of that particular swing. The above we can positively verify. Such performances as these,
coupled with the foregoing, are probably unparalleled in the history of the Street. (Ticker and Investment Digest, Volume
5, Number 2, December, 1909, page 54.)
Gann acknowledged having made half a million dollars from his trading over the previous few years.
The representative of Ticker and Investment Digest was able to verify Gann's success as a trader. "I once saw him take
$130, and in less that one month run it up to over $12,000. He can compound money faster than any man I ever met."
(Ticker and Investment Digest, Volume 5, Number 2, December, 1909, page 54.)
In 1910 Gann wrote his first book, Speculation a Profitable Profession. He also produced newsletters such as The Busy
Man's News and later his famous Supply and Demand Letter.
In early 1914 Gann predicted a world war and a panic in stocks.
In 1915 his son John L. Gann was born.
In March 1918 Gann successfully predicted the end of World War I and the abdication of the Kaiser. His prediction was
acknowledged in many leading newspapers, including the New York Times.
In 1919 he commenced working for himself. He published his Supply and Demand Letter, which included annual forecasts
for stock and commodity markets.
In 1923 Gann wrote Truth of the Stock Tape. This book was widely acclaimed by some as the best book ever written on
the stock market.
In a period of 60 days, Gann made more than $30,000 trading cotton, with a starting capital of less than $1,000.
In 1927 Gann wrote his 'novel' Tunnel Thru the Air. Gann wrote this book as a catalogue of his discoveries. The
discoveries were 'hidden' in the book's story. Over the years many traders have tried to deduce the secrets of this book,
but few have succeeded.
In Tunnel Thru the Air Gann predicted World War II, in particular the attack on the United States by Japan. The following
is the text of an advertisement for the book published by the Financial Guardian Publishing Company soon after the book
was released:
Mr. Gann's latest book deals with the future war in the air, tells you about the cycles and rules found in the Bible for
forecasting the future of nations and stock and commodity markets. It goes ahead until 1932, giving hints on the coming
campaign in stocks, cotton and grain. A fascinating, mysterious love story is interwoven with scientific knowledge, making
this book interesting reading as well as instructive to men and women in every walk of life.
In 1928 Gann successfully forecast the top of the bull market for 3 September, 1929, and forecast that the greatest panic
in history would follow.
In 1930 Gann wrote Wall Street Stock Selector. In this book he described the market conditions from 1931 to 1933. In
1931 Gann became a member of the New York Rubber Exchange and The New Orleans Cotton Exchange.
In 1932 Gann made a recommendation for his clients to buy stocks at the time of the Great Depression low.
In 1936 Gann wrote New Stock Trend Detector, and bought his purpose-built all-metal airplane 'The Silver Star'. He was
the first individual in the United States to own, privately, a metal airplane.
Over the years he bought a number of airplanes. His pilot for 19 years was Elinor Smith. Gann also bought real estate and
high powered cruising boats.
In 1937 Gann wrote How to Make Profits Trading in Puts and Calls. He divorced his wife Sadie in this year.
In 1940 Gann wrote Face Facts America. In this book he explained why Germany would lose World War II and why the
United States should not enter the war. He also outlined the major problems he saw with the United States Government's
'New Deal', and their consequences.
In 1941, Gann became a member of the prestigious Chicago Board of Trade. He campaigned strongly against Roosevelt
and his 'New Deal'. This was at a time when the United States government had its largest budget ever (at the time), and
the Ford Motor Company had to stop production for one year due to a severe lack of sales.
In 1941 Gann wrote How to Make Profits in Commodities. The original 1941 edition had W.D. Gann and his son John as
the authors.
In 1942 Gann's wife Sadie died at the age of 53 years.
In 1944 he married his third wife Londi, who was 30 years younger than he was. Gann treated her like a queen, much to
the disapproval of his children. Gann then moved to the warmer climate of Miami, in Florida, where he traded, invested in
real estate and continued to teach his students. Gann's third wife is still alive today.
In 1948 Gann sold his trading company to Joseph Lederer in St. Louis, Missouri.
In 1949 Gann wrote 45 Years in Wall Street. The International Mark Twain Society bestowed on Gann an honourary
membership based on the quality of this book.
In 1950 Gann wrote The Magic Word. This was his contribution to biblical literature.
On 23 May 1951 Gann established the Lambert-Gann Publishing Company, with Ed. Lambert. Lambert was best known for
designing the highway system in Miami. This company published all of Gann's books and courses.
Gann updated and reprinted How to Make Profits in Commodities, removing his son John's name and picture from the
book. The 1951 updated edition was a huge success. Gann, at the age of 73, was still able to command a fee of US$500
per day for his consultancy services.
He sold W.D. Gann Research, Inc. to C.C. Loosely in New York.
In 1954, at the age of 76, Gann bought a high-speed cruising boat that he named 'The Coffee Bean', with the profits of a
very successful commodity trade. Gann's Great Master Course sold for US$5,000 in 1954 - the price of an average house.
Gann suffered a heart attach, and soon after discovered he had stomach cancer.
In 1955 W.D. Gann returned from one of his many trips to Cuba, where he loved to buy tickets in Cuban lotteries and bet
on horse races. He was feeling ill and was very weak.
His son John took his father from Florida to New York, where he was admitted to the Methodist hospital in Brooklyn.
W.D. Gann died at 3.20pm on 18 June 1955. He was 77 years of age.
Gann's children arranged for Gann to be buried with his second wife Sadie, in the Masonic section of the Greenwood
Cemetery in Brooklyn, on a hill overlooking the Manhattan skyline and his beloved Wall Street.
(John Gann was a pilot in World War II. He became very bitter towards his father, particularly after his father married for
the third time. John Gann died in 1984. Ed Lambert did not actively promote or produce Gann's books and courses, and
as a consequence they became very difficult to procure until Billy and Nikki Jones from Pomeroy, Washington, purchased
the Lambert-Gann Publishing Company and the copyrights to Gann's materials in 1976. Ed. Lambert died in 1998.)
Sure fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of
Gann Angles, Cycles and Wyckoff Logic is the best way to secure better timing than most, after all these methods have been used
successfully for 70+ years. With our website you can chart any security in the world.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image
tool named Paint.net
Investing Quote...
.."Experience has proved to me that real money made in speculating has been in commitments
in a stock or commodity showing a profit right from the start.”..
Jesse Livermore
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
..“Because of the extreme challenge, one must commit full attention to it.” Market speculation
is “no different than trying to be a successful doctor or lawyer … you simply must devote
yourself full-time to the study of your craft”...
Bernard Baruch
.."A radical is one who speaks the truth."..
Charles August Lindbergh Snr
Created on: 9/2/2013 9:15:09 PM Last Update: 2/3/2017 9:49:28 PM Posted by: RTT
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