RE:RE:RE:RE:RE:RE:Technical AnalysisNo question Warren Buffet is the best investor based on his results, however, it does not mean others cannot be very successful using more refined pattern analysis for shorter term gains. I believe O'Neil also targets companies considered best in their industry, so not entirely TA either. Maybe that's why he did better than other TA followers, being more selective than most.
In the same way chess can be won following many different strategies - ie. some slow and steady grinding games and some quick tactical knockouts and everything in between. The best player is the one who can recognize the most number of patterns and apply them in his/her game.
CytochromeP wrote: I think Warren Buffet is the best investor of all time, maybe. He might not be that well known I guess, lets see what he has to say on the topic if you want to go based on an argument from authority:
https://www.forbes.com/sites/rickferri/2014/06/02/technical-analysis-drags-down-performance/#266ed0241a0c
adamchess wrote: Cytochrome - to be fair, there are so many books about famous successful investors who used charts as an important part of their investment decisions. For example, William J O'Neil and his Investors Business Daily (IBD) is recognized as one of the best investors of all time. I think learning to read charts is like learning to master chess successfully - it takes many years and you will still find someone who can beat you occassionally.
Keep an open mind perhaps and study the patterns. I am surprised how many differnt strategies work for different people in trading stocks. On the other hand, buy and hold works best for many who invest and just want to collect dividends and/or do not have time or inclination to study such patterns.
Just my two cents. GL