Both are the children of Benjamin Graham's The Intelligent Investor. Millions read this book but only those two became billionaires, so it is not the book itself but the mysterious combination of the book and the reader.
OTOH I followed Buffett for many years. I saw how he manipulated KO (always a major stock holder of that stock) on short term basis like Isaac Perelman plays the violin.
Also I tried to understand why he bought millions of AAPL shares when it reached 90 in early 2016. Then I was shocked to realize ( in hindsight , of course) that he bought the F*&^*%ing 200 weekly MA (which was also the 55 Monthly MA) . So those guys are not blind to some TA factors but I think they only look at the MOMENTUM (long term) side.
So happened that their timing in human history was ( and still is, but may be waning) impeccable. Since his last Yearly investor meeting (2-13-2020) https://www.youtube.com/watch?v=Sb0fT1JvqV0
BRKA lost some 84000 dollars per share.
Mtl JP 09:03:07 GMT - 05/23/2020
london red 17:09 // But //
When I studied psychology of communication, one little word - but - was a lynchpin in how to decide which of the two ideas was more important / critical: that which came after the "but" or that before it.
See below:
Stock-market traders brace for ‘dogfight’ as S&P 500 lingers below its 200-day moving average - May 22, 2020
Mtl JP 16:41 GMT 05/22/2020
..."Not that predicting the market is of much use"...
if predicting it will go down no!
this summer may be diff since off a low. they may make new cycle highs by september with a correction to follow.
london red 17:08:05 GMT - 05/22/2020
Do you think charlie Munger or warren Buffett use these?!
there is a thing called opportunity cost
haifa ac 16:58:10 GMT - 05/22/2020
"u dont use indicators like FIBs, BB-bands, ATR, ADR"??
Do you think charlie Munger or warren Buffett use these?!
Mtl JP 16:41:06 GMT - 05/22/2020
..."Not that predicting the market is of much use"...
-
huh ... really ?
u dont use indicators like FIBs, BB-bands, ATR, ADR ... /..
haifa ac 15:41:00 GMT - 05/22/2020
Not that statistics mean that much in corona times,
Not that predicting the market is of much use...
However, in general the tendency of the market not to move that much between end of May and start pf September.
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