its incredible to read how much science this guy actually used to do his trading. Although he is described as a speculator, I do not believe that he was one. Great insight as to how to think about doing trades.
Yes, and he was so successful many times, but also bankrupted himself a few times, but always recovered, until the tragic end... Regardless of what some people like to think, mathematics is important in developing a proper model for trading! his Pivot Points ideas etc were very interesting to read about!
You need to read his first book "REMINISCENCES OF A STOCK OPERATOR" which is also available as a Pdf book. It was first published in 1923. It gives another side of the person and how he made and lost his money.
Rams, you miss the point. It not about these people as individuals. Its about learning and educating ones self. Its taking some of their good ideas and using that to help you become a better trader. Thats what its all about i.e education, education education...If one chooses to be a crook, then that's ones own personal value system.
in his book he also mentions he spoke to Nelson Mandela, Nelson asked him (in the 90s) whether the government should interfere with the weakening rand, he tells all governments "dont interfere it will only cost you"