Trader Vic: Methods of a Wall Street
Master by Victor Sperandeo
A Foundation For Trading And Investing Success
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.
Personal Review: Trader Vic: Methods of a Wall Street Master
by Victor Sperandeo
"A trader and money manager, Victor Sperandeo has 38 years' experience
in Wall Street. He has managed money and traded for institutional
accounts and well-known professionals such as George Soros and Lee
Cooperman. He is especially known for his ability to make money in
declining financial markets."
At its core this book converts the nebulous world of the stock market into
one that can be defined in terms of clear risks and rewards. It is about
helping investors use mathematical probability and a disciplined approach
to investing to put the odds in their favor time and time again. In many

ways that it was successful investment is all about: finding a system or a
theme that is likely to work for the long haul.
However, this is not a boring academic text. The simple math is there to
achieve real world results. For example, he argues that he enters a
position when the risk/reward is 1:3 or lower; when the likely loss is 1/3 the
likely target, often based on support/resistance areas.
The book is much more comprehensive than just defining risk/reward
metrics. It discusses Dow theory and provides insight into some important
technical and trend analysis that has stood the test of time. It goes into the
emotional aspects of trading and how to turn emotion from a potential
burden into a boon.
Just as importantly this book looks a bit at the why? behind things. Some
people may think that the concepts of how money is controlled, what role
the Fed plays, etc. are boring. Guess what? This book was written in
1993... which goes to show in today's credit crisis just how much this guy
knows. When people lose sums of money because they don't understand
the basics of credit and money supply as it pertains to the market perhaps
such "boring" topics become more poignant?
I love this book. It has a little bit of everything yet, thank goodness, is not
the next 'War and Peace' (in terms of length). No book suits everyone and
I'm sure that there are people out there who will not be satisfied by this
book. However, I think that everyone other than perhaps the most
seasoned investors/traders (i.e 15+ years of extensive market experience)
can at the very least gain from Sperandeo's point of view. In terms of his
viewpoints being for beginners or amateurs I just have one claim to make...
if the principles laid out here are good enough for Soros, Cooperman, and
other top money managers... perhaps I'm unclear on what an "amateur"
really is....
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