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Conan the Barbarian's  Instablog

Born 1944, B of S in Mathematics, Minors in Physics, History. Worked in Insurance industry for 15 years, Underwriting at first then Actuarial/statistical. Married into an Accounting/Investment family where I learned about Fundamental investing(previous exposure had been Charting only), in 1974.... More
  • Scams

    The NYSE came into being in as the New York Stock and Exchange Board in 1817, a form of it started earlier.

    So its been arround for over 190 years. In that span of time, everything conceivable has been tried to forecast its direction. Wave theory, Gann, Fibonacci, Dow Theory, even Astrology have worked sporadically, probably because of adherents who turned them into self-fulfilling views. And then they didn't work and went away to be reincarnated later.

    In Bull Markets, New Newsletters come out in droves. They do well because "a Monkey could throw a dart at a financial page" and beat the averages. This was actually done and the results published. There aren't many that have stood the test of time. Those that could "go with the flow" lost you less than those who "couldn't Possibly be wrong", when the tide reversed.

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    Apr 12 02:17 am | Link | 3 Comments
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