- Joined
- 30 June 2007
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I feel the need to explain.
The part which I believe is a nonsense is the creation of a divide.
Personally I believe there is an overlap.
Like Bathurst is Motor Sport and enjoyable!
It's not Holden vs Ford.
I did not get it right, did I?
Oh well!
There's lots of other ways too. I met a very successful investor once who consistently made high returns simply by reading stories in the Fin Review. He was complaining to me that he'd never had a ten bagger!
NOW, the obvious retort will come, so I'll get in early and fend it off. "But anyone can make money in a raging bull market!!". I actually asked him how he fared in the 2008 crash, and he told me he "saw the signs" (again in the Fin review) in early 2007 and went almost 100% cash. He missed out on further gains for the rest of 2007 and watched as the market collapsed in 2008. He also missed the bottom in Mar 2009, but he was back in the saddle soon after.
TA, FA and many, many other ways. Technique doesn't matter. What matters is return on capital and risk and drawdown.
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