ABOUT LEGENDARY W D GANN
William Delbert Gunn was born June 6, 1878 in Lufkin, Texas. His father, Samuel Houston Gann, was a teacher who traded horses and cows. He also owned a small billiard club. His mother, Susan Rebecca Gann (nee Trevation), devoted all her time to raising V.D. Hanna and his younger siblings.
She taught to read with the Bible, a book that later influenced his thinking about the nature of financial markets. His family was poor. Samuel, Susan and their eight children lived in a small house, and young William walked seven miles every day for three years to get to school. Gunn never graduated from high school. In 1894, William Gunn, at the age of 16, left his studies and began looking for work. He became a peddler (selling newspapers, food …) on the train, who traveled between Texarkana and Tyler in Texas. He also worked in a cotton warehouse.
In 1901 he worked for a brokerage firm in Texarkana and married his first wife, Rena May Smith. In March 1918, Gann successfully predicted the end of the First World War and the Kaiser’s abdication from the throne. His predictions were published by many of the leading newspapers of the time, including the New York Times. In 1919 he started working for himself. He publishes Supply and Demand Letter where it includes predictions for the stock and commodity markets. In 1923 Gunn writes Truth of the Stock Tape. This book has been rated by many as the best book on the market. In a 60-day period, Gann raised over $ 30,000 on cotton, starting with a $ 1,000 start-up capital. In 1927, Gunn wrote the novella Tunnel Thru the Air. Gann wrote it as a summary of his own discoveries. These discoveries were hidden in the interweaving of the book’s plot. For many years, traders have tried to uncover the secrets of this book, but have achieved little success. In Tunnel Thru the Air, Gann predicts World War II, in particular Japan’s attack on the United States.
In 1928, Gann successfully predicted the top of a bull market on September 3, 1929, and the greatest panic in history to follow. In 1930 Gunn writes Wall Street Stock Selector. In this book, he describes the state of the market from 1931 to 1933. In 1931 Gunn became a member of the New York Rubber Exchange and the New Orleans Cotton Exchange. In 1932, Gunn made a buy recommendation to his clients at the time of the Great Depression. In 1936, Gunn writes New Stock Trend Detector and buys his own fully-metal Silver Star aircraft. He was the first in the United States to own a private, metal plane. After a few years, he buys several planes. Its pilot was Elinor Smith for 19 years. Gunn is also buying real estate and a high-speed yacht. In 1937 Gunn wrote How to Make Profits Trading in Puts and Calls. In the same year, he divorces his second wife. 1940 Gunn writes Face Facts America. In this book, he explains why Germany will lose the war and why America should not go to war. He also highlights the big problems which he sees in the “New Deal” of the American government and its consequences. In 1941 Gunn becomes a member of the Chicago Mercantile Exchange. He is campaigning against Roosevelt and his New Deal. It was a time when the US government had a huge budget and Ford halted production due to an overproduction crisis. In 1941 Gunn writes How to Make Profits in Commodities. The authors of the original 1941 edition were V.D. Gunn and his son John.
In 1944 Gunn married Londi for the third time, who was 30 years younger. Gunn treated her like a queen (much to his children’s displeasure). Gunn moves to the warmer climate of Miami, Florida. There he trades, invests in real estate and continues to teach his students. 1948 Gunn sells his Joseph Lederer company to San Luis, Missouri. In 1949 Gunn wrote 45 Years in Wall Street. Based on the merits of this book, The International Mark Twain makes him an honorary member of the Society. In 1950 Gunn wrote The Magic Word. This was his contribution to Bible literature. May 23, 1951 Gunn with Ed. Lambert founds Lambert-Gann Publishing Company. This company has published all of Gann’s books and courses. Gunn revises and republishes How to Make Profits in Commodities, removing John’s name and photo from the book. The updated 1951 edition was a huge success. At the age of 73, Gunn had free cash of $ 500 a day for his consulting service. He sells “WD Gann Research, Inc.” CC Loosely to New York.
1954, aged 76, Gunn buys a high-speed yacht, naming it “The Coffee Bean” in honor of a successful trade on the commodity exchange. Gann’s Great Master Course sells for $ 5,000, which in 1954 was the price of an average home. Gunn suffers a heart attack and is diagnosed with stomach cancer after being examined. In 1955 Gunn returned from one of his many trips to Cuba, where he enjoyed buying tickets for the Cuban Lottery and playing the races. He felt sick and very weak. His son John took him from Florida to New York, where Gann was admitted to a Methodist church hospital in Brooklyn. V.D. Gunn died at 15:20 on June 18, 1955 at the age of 77. Gunn’s children agreed to bury him with his second wife, Sadie, in the Masonic section of Greenwood Cemetery in Brooklyn, on an alley that overlooks the Manhattan Highway and his beloved Wall Street.