Stock Picking: FA or TA or Both?

Stock picking is part science (FA), part art (TA), part luck, part intuition, and always uncertain - "not precisely knowing."

Because of these inherent subjective elements, success investing depends on understanding our emotional reactions to the market and its participants. Buried in these emotional reactions are both investment errors and investment strengths that remain mostly unconscious unless we devote substantial energy to unearthing them and then leveraging what we learn about ourselves into profitable decision-making.