Trader Vic--Methods of a Wall Street Master [Hardcover]

Victor Sperandeo (Author), T. Sullivan Brown (Contributor)

Book Description

Publication Date: April 1991

This guide offers an investment approach built upon three principles: preservation of capital, consistent profits and the pursuit of superior returns. It then outlines specific proven strategies which any investor can apply. The book also explains the inter-relationships amongst the world and national economies, monetary and fiscal policies, and the business cycle. It shows how investors can use these insights in developing an investment strategy.

Editorial Reviews

From Library Journal

By definition, investors' horizons are long-term (years) and traders' are short-term. This book is aimed at the latter, obviously limiting the scope of its applicability. Noted investment manager Sperandeo explains how he traces stocks and commodities using trends, Dow Theory, Fed-watching, stop-losses, charts, and the panoply of technical analysis combined with his own wrinkles. His chief antagonists are program traders (who move billions likewise in the short-term) and the whims of the market. In the second half, Sperandeo explores the psychology of trading and the use and importance of emotional discipline. He also stresses personal success, not just financial, and presents a solid condensed explanation of real economics, scathingly destroying the wishful-thinking economics of academics and politicians. First half fascinating + second half instructive = a buy for business collections.
- Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1991 Reed Business Information, Inc.

From the Back Cover

Trader Vic — Methods of a Wall Street Master

"Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!"
—Paul Tudor Jones, Tudor Investment Corporation

"Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan Brown has written a gem, a book of value for everyone in the markets, whether egghead, novice or seasoned speculator."
—John Sweeney, Technical Analysis of Stocks and Commodities

"Get Trader Vic-Methods of a Wall Street Master by Victor Sperandeo, read it over and over and you’ll never have a losing year again."
—Yale Hirsch, Smart Money

"I have followed Victor Sperandeo's advice for ten years, and the results have been outstanding. This book is a must for any serious investor."
—James J. Hayes, Vice President, Investments Prudential Securities Inc.

"This book covers all the important aspects of making money and integrates them into a unifying philosophy that includes economics, Federal Reserve policy, trading methods, risk, psychology, and more. It’s a philosophy everyone should understand."
—T. Boone Pickens, General Partner Mesa Limited Partnership

"This book gave me a wealth of new insights into trading. Whether you’re a short-term trader or a long-term investor, you will improve your performance by following Sperandeo’s precepts."
—Louis I. Margolis, Managing Director, Salomon Brothers, Inc. --This text refers to the Paperback edition.

See all Editorial Reviews

Product Details

• Hardcover: 290 pages
• Publisher: Wiley; 1 edition (April 1991)
• Language: English
• ISBN-10: 0471535761
• ISBN-13: 978-0471535768
• Product Dimensions: 9.1 x 6.2 x 1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.6 out of 5 stars  See all reviews (46 customer reviews)
• Amazon Best Sellers Rank: #126,754 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

33 of 35 people found the following review helpful:

5.0 out of 5 stars Excellent, June 6, 2000

By A Customer

This review is from: Trader Vic: Methods of a Wall Street Master (Paperback)

How could this book ever be outdated? So he gives some examples of markets in the mid-90's, and talks about trading S&P futures back when they were 500 bucks a point and moved much less than they do now. SO WHAT. To get hung up on that is to blindly miss the big picture. It's like criticizing Shakespeare for being outdated.

What Sperandeo says about trading, discipline and risk management is a must read for all traders who hope to make it (and not just end up giving their money to professionals like Vic and me).

I have read more than 50 books on trading and this is in my top 5.

19 of 19 people found the following review helpful:

5.0 out of 5 stars Highly practical, beyond FA and TA, January 12, 2001

By 

ServantofGod - See all my reviews

This review is from: Trader Vic: Methods of a Wall Street Master (Paperback)

I had read many trading books. However, this book helped lay the practical groundwork for my trading to this very day. Honestly speaking I had been a regular loser for my lukewarm knowledge (worse than ignorance) of TA, trend, trading psychology and things like that. This book really helps aspiring traders to better understand knowledge of trading science through layman terms. Vic had honestly deliver what headings of some chapters, namely promised: Business Philosophy for Consistent Success, Finding Order in Market Chaos, A true understanding of Trends, The Merits and Hazards of TA, etc. I strongly recommend the passage devoted to double bottom/top (2B) which warns traders to have a time perspective of using individual TA tools. In a word, a must read!

19 of 21 people found the following review helpful:

5.0 out of 5 stars A Must Read for any Student of the Market, October 29, 1997

By A Customer

This review is from: Trader Vic--Methods of a Wall Street Master (Hardcover)

This book has tons of practical advice. I have referred to it countless times when analyzing market conditions. My stock portfolio was entirely in cash two weeks prior to the massive selloff on October 27, 1997. The information in this book is directly responsible(the 2B criterion in particular). If I had even more experience with the author's methods, I probably would have been in cash in August when the correction began or possibly even initiated short positons. This book in conjunction with other informative volumes such as William O'neil's "How to Make Money in Stocks" and Nicolas Darvas' " How I Made Two Million in the Stock Market" provide incredible insights into the mechanics of Wall Street. Sperandeo's followup to this book, "Trader Vic-II" is also excellent. Read books by investors with PROVEN track records and you will greatly increase your odds of success in the markets. Thank you very much Mr. Sperandeo.