I tend to agree and I think that I am not alone on these.
"Much of technical analysis is magical mumbo-jumbo that people think will tell them where the markets going. And it never will. It's just a bunch of nonsense. Unfortunately, I've also participated in it" - Larry Williams
Read old posting on? Who is Larry Williams?
"I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities." - Benjamin Graham
Read old posting on? What did he really say?
Read old posting on? Hey! You can't combine FA and TA - III
Read old posting on? Analyst's Company Report or DIY analysis? - It is just numbers guessing game and you can never, never get it right most of the time.
These are the reasons when I become more experience and more savvy in investment, I realize that I have to spend less time on stock analysis - TA and FA and still get positive returns from the market. This is known as investment productivity gains - more returns per unit time spent on stock analysis.
If you keep spending more and more time on stock analysis, then your investment productivity is low. It is time for you to wake up and improve your investment productivity.
Investing should be simple (not easy hor!) once you become savvy and experience in investment strategies and doing it well shouldn't be consuming so much of your life doing it even though you can claim you are enjoying it but can you confidently say that your family are enjoy it too? Stop kidding! This may be a big joke to them. Give a serious thought on it especially when you have young kids!
Improving your investment productivity is the way to go!
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