📖William Gann

Systematic Investment Approach

🌿 Intermediate★★★★★

A systematic approach ensures consistent investing.

💬

A systematic approach to investing removes emotion and ensures consistency. Document your process, follow your rules, and review regularly.

— 45 Years in Wall Street,1949

🏠 Everyday Analogy

A process is like a pilot checklist: discipline prevents simple mistakes when pressure rises and keeps outcomes more repeatable.

📖 Core Interpretation

W.D. Gann advocates a repeatable process: define criteria, execute consistently, and review decisions against evidence. Process quality drives outcome consistency.
💎 Key Insight:Systematic processes outperform ad hoc decisions.

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❓ Why It Matters

Without process, there is no reliable feedback loop. Structured execution and review improve decision quality over time.

🎯 How to Practice

Run a decision loop of research, thesis, execution, and post-mortem; document assumptions and update playbooks with evidence, not hindsight bias.

⚠️ Common Pitfalls

Having opinions without execution criteria
Reviewing outcomes but not decisions
Abandoning rules during volatility spikes

📚 Case Studies

1
Accumulation After Great Depression Low (1932)
Gann applied Master Charts to the 1932 bottom, noting price-time balance and support zones in leading industrial stocks and the Dow after massive liquidation.
✨ Outcome:Gradual accumulation around identified support led to substantial gains as the 1930s recovery rally unfolded.
2
Riding Out the 1929 Crash (1929)
An investor following Gann’s discipline avoids margin, holds quality rails and industrials through the 1929–32 collapse instead of panic selling.
✨ Outcome:Capital draws down heavily but positions are preserved, allowing recovery and profit as markets rebound in the mid‑1930s.

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