Jesse Lauriston Livermore
Jesse L. Livermore was one of the pioneers in stock trade speculations. He was born in South Acton, Massachusetts, in 1877, and he went away from this world by taking his own life in 1940, at the age of 63.

He started at early age because he didn’t want to work on his family farm. Rather he thought to pursuit wealth other ways. Therefore he moved to Boston and got a job in Paine Webber Company. He started trading for himself when he was just fifteen. That way he had earned more than a thousand USD, which is equal between today’s 300,000.00 dollars, or even a million in terms of economic power value.
He started betting against what is known as a “bucket shop”. His success in that business made him become unwanted in Boston, so when all the shops banned him, he moved to New York – closer to Wall Street. His ability to manage in speculative trading turned him to a really successful trader, but his way of doing business saw him going up and down too many times. He wanted to earn money fast, and he wasn’t looking to invest in long-term business. He gained and lost millions of dollars and such life lead him to commit suicide.

Since he had no education in stock trading, as he entered the stock market at his early age, he learned all by himself and from his own mistakes, which brought some fast earnings, even faster loosing, many pressure and a suicide. He evolved into somebody still regarded as a successful trader, even though he did many wrong moves, but the trading style that was his mark is still present in today’s stock market. His principal was that not only individual stock is what is worth, but it is the whole market that should be analyzed. He saw that analyzing the direction of the entire market brings more success than focusing on single stock, without regarding the direction of the whole market.

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His definition of a successful stock trader is that such a trader does research about the market, the economy and the company, and who doesn’t focus on the short-term. A good investor always does his own research and doesn’t give much credit to the insider information. He knew that speculations might mislead sometimes, and like every famous investor with a huge success, Livermore knew that your own estimation must be made upon thorough research.
His suicide preceded by many mistakes and misjudgments marked his life more than his success did, but his contribution to the stock market and the entire business can’t be foreseen.

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Favorited book :
Extraordinary Popular Delusions and the Madness of Crowds

Reference: Jesse Livermore wiki
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore

Bill Miller was born in Laurinburg, North Carolina, in 1950. He has been in the investing business since 1972, after graduating economics from the Washington & Lee University. His first job was at the J.E. Baker Co, where he worked as a treasurer. After ten years at that position, he got a job at Legg Mason, and he became the company’s head chairman and investor.
He became famous when under his leadership Legg Mason Value Trust noted one of the greatest successes in mutual fund history. He got the longest successful investments ever, which beat the S&P Index for fifteen years in a row. In that time, from 1991-2006, Miller’s fund made the growth of more than 19 billion dollars. He now works as ahead of the board of investors of the Santa Fe Institute.

Bill Miller Santa Fe Institute Bullish Case:

Bill Miller trading style
His investing method brought him billions, and the main part of his principles that brought success to other investors is patience. Like every successful and smart investor, Bill Miller is a patient and thorough researcher. His boost was not instant, but his earnings are tremendous. Decades of studying and decades of investing were needed for him to be at the level he is now. He doesn’t discard any stock, as he knows that there can always be a way to trade it at a discount to its intrinsic worth for any stock.
Watch the video where Bill Miller explains his trading style:

He suggests doing a thorough analysis and developing a security strategy when investing for those who want to learn from him. He reminds us that assumptions based on something’s looks or the stock’s low price are wrong and misleading. Analysis of a stock that looks too expensive or cheap is essential to find its real value. Since most of the stocks that look expensive actually are expensive, it is necessary to analyze all to find those that are mispriced, and there comes the benefit. Also, his style includes learning from the mistakes other investors make. Most mistakes are always because they are short-term investments, so he points out how research and analysis are important to find a good long-term investment.

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James D. Slater
James Derrick Slater (13 March 1929 – 18 November 2015) was a British accountant, investor, and business writer.  James D. Slater was an investment role model for investing public in the U.K., a country born in 1929. He started his career as an accountant, but it didn’t take long to change his career to corporate managerial positions. In only ten years, from 1953 to 1963, he worked for three U.K. manufacturing companies, the famous Leyland Motor Corporation.

In 1964, he and Peter Walker became business partners and started their own investment company called Slater Walker Securities. The company made it big thanks to Slater’s skills, which were shown in some corporative takeovers. In only five years period, Slater Walker became a great industrial and financial conglomerate. In 1969 their investment company got transformed into an investment bank.

However, Slater’s business luck didn’t last very long. Soon after becoming an investment bank, Slater Walker Securities were shaken and finally collapsed during the U.K. recession in 1973-74. The recession had huge consequences on Slater, leaving him bankrupt.

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After bankruptcy, Slater began the next chapter in his career by changing his career once again. This time, along with some private investment that helped him stand on his feet, he started a financial writer career. His column “The Capitalist” was viral among U.K. investors as well as the general public. He used the column to share his investment methodologies with the public. He also founded Investment advisory service, which gathered statistics about all publicly traded U.K. companies. “Company REFS,” which was the name of his advisory service and famous column in Sunday Telegraph, made him the best professional investor in the country.

Jim Slater trading style
In his book “The Zulu Principle,” published in 1992, he created the price-earnings to the earnings-growth ratio (PEG). The PEG is an equation that compares the growth and the value of an investment, and it is widely used in investment analysis. It shows the long-term cost-effectiveness of the investment. The stock wasn’t expensive for Slater as long as it has earnings growth high.

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When investing, Slater usually picked companies that had small growth and whose market price was undervalued. In other words, his investing style was finding small, growing companies that were promising before they would start growing.

Slater wasn’t satisfied with only being a successful investor, columnist, and investment guru, as the public called him. He also had a parallel career as an author of books for children. Even in his late years, he remained active in the investment business by investing in different small growth companies.

Jim Slater Quotes :

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“Most leading brokers cannot spare the time and money to research smaller stocks. You are therefore more likely to find a bargain in this relatively under-exploited area of the stock market.”

Books :

A. Mazing Monsters
How to Become a Millionaire: Make Money While You Sleep ISBN 978-1-58799-152-3
Beyond the Zulu Principle: Extraordinary Profits from Growth Shares ISBN 978-1-58799-094-6
The Zulu Principle: Making Extraordinary Profits from Ordinary Shares ISBN 978-1-58799-095-3
The Armchair Investor: A Do-it-yourself Guide for Amateur Investors ISBN 978-0-7528-0775-1

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Reference:
http://en.wikipedia.org/wiki/Jim_Slater_%28accountant%29

Who is George Soros, and what is he famous for?
George Soros is a Hungarian-American trader, investor, and philanthropist. As of February 2020, he had a net worth of $8 billion, having donated more than $32 billion to his philanthropic agency, the Open Society Foundations. Full biography you can be read in our new George Soros Biography article.
George Soros was born in Budapest, Hungary, in 1930.
George Soros Education
He went to study in England when he was 17, and in 1952 he graduated from the London School of Economics. Soros got in the London School of Economics a Bachelor of Science in philosophy in 1951 and a Master of Science in philosophy in 1954.
After graduation, Soros started working in an Investment bank in London. Four years later, he went to the United States to work as an investment analyst and a manager in three different New York-based investment companies: F.M. Mayer from 1956 to 1959, Wertheim & Co. from 1959 to 1963, and Arnhold S. Bleichroeder from 1963 to 1973.
After gathering experience for seven years, he finally went to work on his own. In 1973 he started the Hedge Fund Company, which later became the famous Quantum Fund. The Hedge Fund Company was very successful with a return of 30 % per year. During two decades of Soros’s leadership, there were two times when the returns on investment were more than 100%.

George Soros – The man who broke the Bank of England
There is an interesting anecdote about Soros’s business, after which he became famous as “the man who broke the Bank of England” (read more). In 1992 he invested 10 billion dollars on one currency speculation. The impact of that investment shorted the British pound. He risked losing 10 billion dollars in case he was wrong, but that wasn’t the case. The speculation was right, and he made a profit of 1 billion dollars in one day, and the profit on the transaction was 2 billion dollars. That wasn’t the only time he shook a whole country with his investment decisions. Reportedly he was the “last drop” that started a financial crisis in Asia.

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George Soros investment style
His investment style was not the one that other investors could copy. Accordingly, he had an instinctive physical reaction that would direct him when to buy or sell. He was a short-term investor, in other words, the speculator who was willing to take bets with great stakes. He described financial markets as chaotic, where people – whose reactions are based on their emotions – do not use logical analysis.
He also claimed that investors in the market influenced one another and acted like the herd. When one would move, the rest of the herd would follow him. He said that he also followed the herd but never missed a chance to take the leading position.
Even though he had a rough time during his carrier with lots of ups and downs, he made a lot of people rich in the end by speculating with billions of dollars. He was one of the wealthiest investors in the world.
The fortune he collected allowed him to work only partly in his investment company and spend more time devoted to his Open Society Foundation by donating money worldwide.
He also played an active role in politics by writing and lecturing on different subjects, like human rights education, political freedom, and the United States’ role in the world.
Soros describes himself as a financial, philanthropist, and philosophical speculator.

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George Soros Quotes:

The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.

Well, you know, I was a human being before I became a businessman.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

I’m not doing my philanthropic work, out of any kind of guilt, or any need to create good public relations. I’m doing it because I can afford to do it, and I believe in it.

I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.

Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

George Soros Portfolio (summer 2014)

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Read in detail George Soros’s biography on the forex.in.rs website.

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Bill Gross Bio

Who is Bill Gross?
Bill H Gross is a legendary bond investor who founded the world’s largest bond fund as of 2014. Pacific Investment Management Company (PIMCO).

Bill Gross net worth in February 2020. is 1.5 Billion.

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Bill Gross profile on Forbes is:

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• Gross co-founded PIMCO, an investment management firm, in 1971 and became known as a superstar bond fund manager.
• He decamped in 2014, and joined Janus Henderson to manage a global macro bond fund; he retired in March 2019.
• Gross sued PIMCO for wrongful dismissal in 2015. The case was settled in March 2017 for $81 million, which went to the Sue and Bill Gross Foundation.
• In 2016, Gross’ wife of 31 years, Sue, filed for divorce. She eventually walked away with over $1 billion.
• Gross is a 1966 graduate in psychology from Duke University. He has donated millions to his alma mater for financial aid.

Bill Gross, or „King of bonds, “how some call him, is one of the most influential and followed investors in the bond market.

He was born in 1944 in Middletown, Ohio. He’s studying at Duke University, where he got his degree in psychology in 1966. He was widened during his summer break, which he was spending in Las Vegas, playing blackjack like a professional. After graduating, Gross went to the military and served in Vietnam. When finishing his military career, he went to the University of California’s business school, where he got his MBA in 1971.
Later in 1971, he started working for Pacific Mutual Life in Los Angeles as an investment analyst, during which time he got credentials for Certified Financial Analyst (CFA). After five years of working as an investment analyst, he got promoted to Assistant Vice President Position, managing fixed income securities.

He stayed at the Pacific Mutual for two more years. He then founded his own Pacific Investment Management Company (PIMCO) company, where he was managing director and a chief investment officer. Since its beginning in 1982, PIMCO has become the largest fixed-income Management Company in the world with fixed-income assets of 600 billion dollars.
His contributions in improving bond and portfolio analysis got him to be the first portfolio manager in the hall of fame, by Fixed-Income Analyst Society Inc (FIASI) in 1996.

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William Gross trading style:
Gross believed that there are two fundamental rules in every long-term investment that will make the investment successful. Those are the capability to define and give a form of a long-term investment and getting the right structure with a portfolio over time.”

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for example, see how Bill Gross Tells Investors to Play Defense:

These rules are a basis for long-term investments and can be done by studying potential investment for three to five years and make the decision without emotions or greed for fast earnings. Using emotions as a tool to decide on your investment can be destructive and lead to bad business deals.

He also states that without good info about structural elements of investment, such as investment costs, risk-return management, asset allocation, and diversification, the investment can be lost.

Even though he has collected many different methods that he uses in investing, he is famous for his “braveness” to change the investment course without any hesitation. Although that sounds like the quality learned in Las Vegas sitting at a blackjack table, it brought Gross enormous fortune.

What happened to Bill Gross: Bill Gross retired in March 2019. Currently, he works in his Bill Gross foundation.
Why did Bill Gross leave Pimco?
Bill Gross left Pimco in September 2014 because of negative reports about his leadership, weak returns at Pimco Total Return.

Bill Gross has donated more than $700 million to charity, of which the current Foundation’s $400 million is assets are a significant part. The Foundation annually gifts over $20 million to philanthropic causes but primary areas are: Humanitarian Efforts, Education and Healthcare.