Friday, 2 November 2012

The Greatest Trades Of All Time

This is a collection of so called "the greatest trade" by Vince Veneziani... I said "so called" as I think the author missed out some of the real "greatest" trades that are not mention in the book. In my humble opinion, since it is a about greatest trades, legend like Warren Buffet should not be miss out. I honestly think the world richest trader should have more than one greatest trade throughout his career. At the same time, I sincerely do not think some of the player as mentioned in the book deserved to be classify into the category of "Greatest Trades". End of the day, what is so special when the so called "Greatest Trades" happen only once in a lifetime?

Further to this, I thought the author's opinion in regards to each case as discussed seems too general for readers to digest. To make the thing worse, the author seems to get confused on whether he is profiling various well-known traders or whether he is writing about their trades. In fact, I am very familiar with stories about James Chanos, Paul Tudor Jones II, John Templeton, Jesse Livermore (Still my all-time favorite), John Paulson, George Soros and Martin Schwartz (My Idol... LOL). As such, I thought the "Top Traits" as pointed out by the author seems inadequate and very much misleading. I understand the technique of writing a book. After all, it is pretty safe to do so... especially when a writer needs to write something unfamiliar...

Having said that... I actually love the idea of "recreating trading strategy" at the end of each story. The author did his best to connect the said trade to current situation. Well, although some of his opinions seem not practical; at least the author did put some effort to conclude each trade. As such, this is actually a well-planned book. At least the structure in building up the stories and the summary to end each stories are good enough.

Overall, this is an average book in my humble opinion. . Detailing wise; well, it is so inadequate! Educational wise; since I personally do not agreed with some of the advice given by the author, I could not comment much! In fact, I think the author does not really understand the world of trading (No offence though)...Perhaps, that is the reason why some of his personal opinion does not seems appealing to me at all.

Well, please bear in mind that this is a book of "Collections" (Collections of greatest trades). As such, it is more like a summary rather than details digging... As I am quite familiar with 80% of the trades as mentioned, this book at least serves as a good refresher. Rating wise, I am going to rate 3/10 for this book. Although incomplete in details, I do really need this kind of book on my shelf... 

2 comments:

  1. Do you know where can I get this book in Malaysia? I called MPH and they don't have.

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  2. Angel Tee 85,

    Surprisingly, I found this book at Popular... Popular IOI Mall if I am not mistaken...

    Rgds,

    Alex

    ReplyDelete