The One Valid School of Analysis
Perennial debates about the value of fundamental vs. technical vs. quantitative analysis are missing the point. The only valid school of analysis is the objective kind. Consider some of the feel-good subjective components that have adulterated each approach: Fundamental analysis: any valuation based on growth estimates is suspect. And you don’t need us to remind you of the dismal record of bright young sell-side analysts when it comes to pricing stocks. Picking strong companies with stable earnings trading at…
Monday, November 17, 2008
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