Gil Blake is a pioneer speculator investor and fund manager who in 1980 devised an investment strategy known as mutual fund market timing, a method of investing based on the historic pricing patterns of mutual funds, and averaged a 40% annual return in his first 12 years as a mutual fund timer. Blake is profiled in the book The New Market Wizards by Jack D. Schwager Speculation involves the buying, holding, and selling of stocks, bonds, commodities, currencies, collectibles, real estate, derivatives or any valuable financial instrument to profit from fluctuations in its price as opposed to buying it for use or for income via methods such as dividends or interest. ... Invest redirects here. ... An investment strategy is a set of guidlines, behaviors or procedures designed to maximize overall return for an individuals investment portfolio. ... A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money market instruments, and/or other securities. ... Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. ... New Market Wizards is a book by Jack D. Schwager published in 1992. ... Author of Market Wizards and The New Market Wizards ...

Career

Trained as an accountant he first served as an officer on a nuclear submarine and then attended Wharton earning an MBA with honors. In 1980 Blake set up shop as a mutual fund trader. On one of his many research visits to his local library he noticed a correlation between the price of a stock and the value of the mutual fund holding the stock. With this he developed trading strategies rooted in the historical pricing patterns of mutual funds. In his first 12 years as an investment advisor and fund timer, Gil averaged 40% annual returns--and never had a year when he earned less than 24%. According to Barron's Gil placed second in the U.S. Trading Championships in 1988 and first in 1989-1993. It has been suggested that Difference b/w Mangerial accounting & Financial accounting be merged into this article or section. ... An officer is a member of a military or naval service who holds a position of responsibility. ... Nuclear navy, or nuclear powered navy consists of ships powered by relatively small onboard nuclear reactors known as naval reactors. ... German UC-1 class World War I submarine A model of Gunter Priens Unterseeboot 47 (U-47), German WWII Type VII diesel-electric hunter-killer (SSK) submarine Inside of the Argonaute, showing the typical obstructed, tiny space of a post-WWII diesel attack submarine. ... The Wharton School of the University of Pennsylvania is a business school founded in 1881 by Joseph Wharton, who hoped the School would produce graduates who would become pillars of the state, whether in private or in public life. ... Master of Business Administration (MBA) is a masters degree in business administration, which attracts people from a wide range of academic disciplines. ... Barrons magazine is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. ...

References

http://www.jimmyatkinson.com/papers/fundscandal.html

http://www.richmond.com/printer.cfm?article=362

http://www.freewebs.com/gilblake/

Further reading

Schwager, Jack D. (1995). The New Market Wizards. 13 pages: Wiley; New Ed edition. ISBN 0471132365. Author of Market Wizards and The New Market Wizards ...