Al Brooks Net Worth

[sridhga]

A good coach knows how to communicate effectively with his players so that they understand him and give him their best. Have you actually read any of Brooks' books?

Yes, I read his first book several times over. I understand that contemporary American writing is generally simple and short. Brooks is old fashioned. His book is more like academic in its approach. Wiley editors don't seem to do anything about it.

If you read Financial Literature from 60 years or 100 years ago that was published in the USA, they sound similar to Brooks. Some examples are, 'Common Stocks and Uncommon Profits' by Philip Fisher. 'Security Analysis' by Benjamin Graham and David Dodd (First Edition) and also 'The theory of Investment Value' by John Burr Williams. All these are good books, but their language is not really simple. Two more examples are 'The General Theory of Employment, Interest and Money' by John Maynard Keynes and 'The rise and Fall of the Wealth of Nations' by Adam Smith. The last two books were written by English and Scottish authors.

I do agree with you that, Brooks', language is not simple, and, is unusually complicated by today's standards.

 

[Frederick Foresight]

Yes, I read his first book several times over. I understand that writing is simplified in contemporary USA. Brooks is old fashioned. His book is more like academic in its approach. Wiley editors dont seem to do anything about it. If you read Financial Literature which is 60 year or 100 years ago that was published in the USA, they sound similar to Brooks. Some examples are, 'Common Stocks and Uncommon Profits' by Philip Fischer. 'Security Analysis' by Benjamin Graham and David Dodd (First Edition) and also 'The theory of Investment Value' by John Burr Williams. All these are good books but their language is not really simple. Two more examples are 'The General Theory of Employment, Interest and Money' by John Maynard Keynes and 'The rise and Fall of the Wealth of Nations' by Adam Smith. The last two books were written by English and Scottish Authors.

I would be disinclined to compare Brooks' books with classics in financial literature. His writing style strikes me more as unedited stream of consciousness. There is quite a distinction between a literate and an impenetrable writing style. And, frankly, I think there is elegance in simplicity. Have you ever had a conversation with someone who just rambles until he feels that he somehow conveyed what he was trying to say? I find it unthinking and wasteful. And so, if you can gather your thoughts before you speak, then Brooks should be able to do so before he writes.

I do agree with you that, Brooks, language is not simple and is unusually complicated.

His ideas are simple but unnecessarily complicated. When I found that what he wrote in the first 100-150 pages of his first book could be explained in a casual conversation, I knew I was destined for a refund.

 

[smallfil]

I seriously doubt any ET trolls will be earning so much. A lot of these guys do not even trade. They just troll the ET message boards. And the rest of the ET trolls who actually trade are just losers. They do not have a clue about trading. If they did actually know about trading, they would not be asking stupid questions to begin with.

 

[tomkat22]

Wrong! Brooks is like a basketball coach. A coach need not be as good as Jordan when he(the coach) plays.

Most great coaches were good players themselves so they at least have some level of credibility(unlike Brooks). Bruce Bochy who just coached his team to the World Series baseball title was a good player himself for many years in his sport.

 

[Good1]

Yes, I read his first book several times over. I understand that contemporary American writing is generally simple and short. Brooks is old fashioned. His book is more like academic in its approach. Wiley editors don't seem to do anything about it.

If you read Financial Literature from 60 years or 100 years ago that was published in the USA, they sound similar to Brooks. Some examples are, 'Common Stocks and Uncommon Profits' by Philip Fisher. 'Security Analysis' by Benjamin Graham and David Dodd (First Edition) and also 'The theory of Investment Value' by John Burr Williams. All these are good books, but their language is not really simple. Two more examples are 'The General Theory of Employment, Interest and Money' by John Maynard Keynes and 'The rise and Fall of the Wealth of Nations' by Adam Smith. The last two books were written by English and Scottish authors.

I do agree with you that, Brooks', language is not simple, and, is unusually complicated by today's standards.

So can you translate what he means by "measured move"?

 

[Laissez Faire]

Most great coaches were good players themselves so they at least have some level of credibility(unlike Brooks). Bruce Bochy who just coached his team to the World Series baseball title was a good player himself for many years in his sport.

Regardless, where are the millionaire Brooks traders?

I'm fine with a coach being a fat slob if his team or individuals actually win.

One of the best coaches in Norway have close to zero experience in sports, yet his trainees have gold medals and world records.

 

[tomkat22]

One of the best coaches in Norway have close to zero experience in sports, yet his trainees have gold medals and world records.

Pretty sure that's never happened in American sports. What sport is that?

 

[speedo]

Regardless, where are the millionaire Brooks traders?

I'm fine with a coach being a fat slob if his team or individuals actually win.

One of the best coaches in Norway have close to zero experience in sports, yet his trainees have gold medals and world records.

I could direct you to several online communities of good full time traders who have been influenced by Al, but why would I do that to them. This little farcical bubble of ET is hardly representative of a successful trading community....over and out

 

[sridhga]

So can you translate what he means by "measured move"?

He did clearly explain that in Chapter 7 of the book (his original Bar by Bar book) under the topic measured moves based on first pullback (AB=CD). He also described other measured moves in that chapter. Please read those topics in case you missed them. As much as we blame the author about his unedited books, we need to be careful enough not to miss things out while we read those books.

 

[Laissez Faire]

Pretty sure that's never happened in American sports. What sport is that?

Google Gjert Ingebrigtsen. Father of Jakob Ingebrigtsen.