Why are value investor types so rigidly opposed to TA?

[skindog]

Although I'm a huge fan of FA and generally dismiss TA, you can't use the argument that there are no billionaire TA investors to dismiss TA. I don't know much about its mechanics, but it seems like TA would scale far, far worse than FA does. It is based on many trades, and the costs of turning billions of dollars over based on technical indicators is probably prohibitive - because either the trader makes large trades that influence the market, cutting into profits, or the trader makes lots of small trades that are difficult to monitor at the same time. The FA investor has the luxury of sitting back and enjoying a 4 hour workweek!

Oh yeah, and there are tax differences preferring the FA investor too. TA has a lot stacked against it, especially with large sums - so I doubt we'll see billionaire TA guys anytime soon.

I like easy things and fewer heart attacks, so I'll stick with FA.