View Single Post
  #3  
Old 11-12-2007, 11:08 PM
ImBetterAtGolf ImBetterAtGolf is offline
Member
 
Join Date: Aug 2006
Location: The ATM
Posts: 78
Default Re: Why are value investor types so rigidly opposed to TA?

I'm going to assume that "TA" means technical analysis.

The first problem is that while there are many value investors with documented good track records, there are hardly any technical (not quantitative, but technical) investors with documented good track records. Most of the stuff you see on bookshelves is written by people who claim to have good track records, but usually have a conspicuous lack of documentation. The field is nonintuitive and arcane and there are few people who everyone can agree have been successful.

Another reason is that many people who practice this "art" are certifiably unsophisticated. That makes it easy for most professionals to look down on TA practitioners.

At best, I'm agnostic about the subject.
Reply With Quote