Fundamental vs. Technical

[Ann]

actually back all those decades ago , the BIG danger would be stale data to base those charts on ,

I think most charting was done on the end-of-week price and that would be published in the newspapers of the day, so not really that out of date.

My favourite book by Stan Weinstein "Secrets For Profiting in Bull and Bear Markets" is his commentary on hand-drawn charts. He even gave the calculations for drawing Moving Averages I seem to remember. Must read it again, it has been a while. All his charts were hand-drawn weekly, lots of work. @Captain_Chaza used hand-drawn charts in the early days. I give much kudos to people who have done the hard yards before us. These people are the real deal!

 

[Captain_Chaza]

Sailing the LIT One Week at a Time


Sailing the GL1 One week at a time


Sailing the LKE One Week at a Time

 

[Value Collector]

From 11 years old until 18 years old he says he tried to use charts. I could imagine a youngster would never have the patience to hand draw charts as there were no charting programmes back 70 odd years ago. I agree with him about doing post mortems, they are an essential part of my trading.

I think you are under estimating how intense Warren was as a youngster, also he didn’t have the distractions kids has these days, and spent every Saturday at his dads stock broking firm.

 

[Ann]

Ahoy @Captain_Chaza, what are your three weekly moving averages if that is not a trade secret? With respect Captain you may need to translate into words for the FAers what you see on the charts or else it is meaningless for them and the whole exercise of this thread is moot.

 

[Value Collector]

actually back all those decades ago , the BIG danger would be stale data to base those charts on ,

so calculating charts on lagging data would have made it incredibly difficult to refine your technique

it is bad enough trying FA on data you suspect might be six months old

ALSO Warren was probably only tracking one or two stocks at a time

PS i try not to let my study subject die , before i run an in-depth analysis ( i still get caught by some sudden deaths , but have jumped on a different horse when i feel the current ride tiring several times )

Share prices were printed in the paper daily, not to mention that warrens father was a stock broker, and had a ticker machine in his office.

 

[Ann]

I think you are under estimating how intense Warren was as a youngster, also he didn’t have the distractions kids has these days, and spent every Saturday at his dads stock broking firm.

So his father was a stockbroker, which would help regardless of TA or FA.

Really I think it comes down to a right-sided brain or left-sided brain as to one's analysis preference. I am thinking the right-siders are more likely to favour charts and the left-siders prefer figures. This could be a load of cobblers, of course, it is based on nothing more than an unresearched guess.

 

[Captain_Chaza]

So his father was a stockbroker, which would help regardless of TA or FA.

Really I think it comes down to a right-sided brain or left-sided brain as to one's analysis preference. I am thinking the right-siders are more likely to favour charts and the left-siders prefer figures. This could be a load of cobblers, of course, it is based on nothing more than an unresearched guess.

Cricky Braveheart
My father was a Cobbler and a very good and valued one
Anyway
You don't need TA or FA when you are an Insider
He blames his charts to and his limited FA to avoid prosecution

It has always Worked

 

[divs4ever]

Cricky Braveheart
My father was a Cobbler and a very good and valued one
Anyway
You don't need TA or FA when you are an Insider
He blames his charts to and his limited FA to avoid prosecution

It has always Worked

YEP ! just hanging around parties was good enough for Renee Rivkin

so the odd invite ( as a tag-along with dad ) is enough for the stray bit of gossip ( the lubricated often talk shop )

 

[Ann]

You don't need TA or FA when you are an Insider
He blames his charts to and his limited FA to avoid prosecution

Warren Buffett writes The Post to say Activision buy wasn’t based on insider info

Berkshire Hathaway Chairman Warren Buffett adamantly denied that he or any other investors at the firm had advance knowledge of Microsoft’s plan to buy Activision-Blizzard.

nypost.com

Yes, I guess FA is easier to fudge if you are doing insider trading.

 

[Captain_Chaza]

YEP ! just hanging around parties was good enough for Renee Rivkin

so the odd invite ( as a tag-along with dad ) is enough for the stray bit of gossip ( the lubricated often talk shop )

Burgers once a week With Bill Gates
Well ,What do you think they discussed
I suggest it was about New Aged Gaming Opportunities Microsoft bought

 

[Captain_Chaza]

Sailing the GBTC One week at a Time


Now that you have ship surveyed these Technical Indicators on a multitude of crafts in all types of Sea and Weather conditions

Are you a Buyer Right NOW?

 

[Value Collector]

So his father was a stockbroker, which would help regardless of TA or FA.

Really I think it comes down to a right-sided brain or left-sided brain as to one's analysis preference. I am thinking the right-siders are more likely to favour charts and the left-siders prefer figures. This could be a load of cobblers, of course, it is based on nothing more than an unresearched guess.

His father was a stock broker that got him interested in shares, but as he said in the video, it was his introduction to Benjamin grahams value approach that made him into the great investor he is today, he took grahams model and built on to it.

 

[Value Collector]

Burgers once a week With Bill Gates
Well ,What do you think they discussed
I suggest it was about New Aged Gaming Opportunities Microsoft bought

Bill Gates has very little to do with Microsoft these days, he has no official role at the company, and owns less than 2% of it, which makes it less than 5% of his total investment portfolio.

In fact he owns more of Buffets Berkshire Hathaway than he does of Microsoft, which due to Berkshires large Apple holding means he owns nearly more of Apple than he does Microsoft, which is interesting.

 

[sptrawler]

Bill Gates has very little to do with Microsoft these days, he has no official role at the company, and owns less than 2% of it, which makes it less than 5% of his total investment portfolio.

In fact he owns more of Buffets Berkshire Hathaway than he does of Microsoft, which due to Berkshires large Apple holding means he owns nearly more of Apple than he does Microsoft, which is interesting.

Why is that, didn't microsoft have to bail out apple years ago, i would think Gates has plenty of info and fingers in both platforms.
The good thing about being old, you remember $hit, until you don't.

Aug. 6, 1997: Apple Rescued — by Microsoft

1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon Alley icon. In a remarkable feat of negotiating legerdemain, Apple co-founder Steve Jobs got needed cash — in return for non-voting shares — and an assurance...

www.wired.com

 

[Value Collector]

Why is that, didn't microsoft have to bail out apple years ago, i would think Gates has plenty of info and fingers in both platforms.
The good thing about being old, you remember $hit, until you don't.

Aug. 6, 1997: Apple Rescued — by Microsoft

1997: Microsoft rescues one-time and future nemesis Apple with a $150 million investment that breathes new life into a struggling Silicon Alley icon. In a remarkable feat of negotiating legerdemain, Apple co-founder Steve Jobs got needed cash — in return for non-voting shares — and an assurance...

www.wired.com

It’s interesting in that Bill was the founder of Microsoft, which in a lot of ways is a revile of Apple, but now he has been selling down his Microsoft ownership, and now indirectly owns as much if not more of Apple.

 

[Mohammed Hazabig'un]

Ahoy 1st Officer @Ann , can you please pass on my apologies to the Captain if I offended with my "social dyslexia". He is obviously a Skipper very experienced in the use of the Charts and his Sextant to navigate the high Seas. I like the old Salty and there's a lot the other Chartists here can learn from him.

 

[Captain_Chaza]

Sailing the AUD against the USD One Day at a Time

Here comes The little Aussie Battler
Hold onto your Commodity classes of Sail
and Hold on tight to your hats

 

[Mohammed Hazabig'un]

Chartists don't like to read the Economic News because it clouds their interpretation of Charts.
Even Warren Buffett says looking at Economic News is a fools errand.
Research suggests you're either a Momentum Trader, a Value Investor or a Buy n Holder if you're sane.
So what's a person formally trained in other aspects of Value Investing doing working on his Economic interpretation skills? Maybe Astrology would've been a better choice? There is method and logic to my madness I assure everyone. Time will tell.

 

[Captain_Chaza]

Sailing the AUD against the USD
3 Minutes at a Time Is Breathtaking

A Man of the Sea ( as in Mankind ) must always be prepared for CHOPPY Seas

When the going gets Rough the Tough hark back to the beginnings of TA




NB; the MACD Divergence

 

[Ann]

His father was a stock broker that got him interested in shares, but as he said in the video, it was his introduction to Benjamin grahams value approach that made him into the great investor he is today, he took grahams model and built on to it.

I have been thinking about Warren's success over the last few days (been under the weather and laid low for the last few days). I think he has created the most successful fund because neither he nor Charlie syphon off profits from their investments for themselves or their shareholders, they never paid dividends, and all the profits were re-invested year after year. The companies they hold pay dividends which remained in the company, time and inflation increased the value of the holding companies as well which then reflected in BH bottom line. I think his success is basically the Rule of 72 more than any great fundamental analysis. I am convinced a lot of his success comes from inside information as well.

Ahoy 1st Officer @Ann , can you please pass on my apologies to the Captain if I offended with my "social dyslexia". He is obviously a Skipper very experienced in the use of the Charts and his Sextant to navigate the high Seas. I like the old Salty and there's a lot the other Chartists here can learn from him.

I have passed on your message but no guarantees. The Captain has had over forty years of experience sailing the markets and has a lot of knowledge if one sits quietly and listens. I am thrilled he has started to post on ASF regularly, he is a gem with a wealth of knowledge.