Re: Why are value investor types so rigidly opposed to TA?
Another reason TA is popular, it provides action. There is no action in value investing. This morning I was telling my wife about this great stock I found that I'd trading at one third book an will likely take two years to reach book value. So I have to wait around for a couple years, checking and rechecking to make sure I didn't make a mistake.
Contrast that with analyzing minute to minute movements of a stock, trying to predict its next action. TA is exciting, FA is boring. If they produced equal results no one would ever do FA. But even though the great long term track records are FA based, smart people still get drawn to TA because of the greater challenges and thrills.
Me, I invest very boringly but try to play poker every afternoon to fill my action void.
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