| One on One: Ellis Traub | |||||||||||
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| If you want to take your first walk down Wall Street, Ellis Traub will be happy to show you the way | |||||||||||
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Ellis Traub |
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...(Continued.. Part 2 of 4)
You don't have to be a genius to make money in the market
Does a person have to be well educated to do well in the stock market? Traub: Absolutely not!
Using technamental analysis as described in Take Stock, a novice can
know all they need to about the quality of a company as long as they can
tell the difference between a straight and crooked line and the difference
between one that slopes up, down, or not at all.
JK: You talk about technamental investing quite often. What exactly is it?
JK: For readers who don’t know, what is the difference between fundamental analysis and technical analysis? Traub: Simply stated, fundamental analysis looks at the company and its track record. Technical analysis seeks to find patterns in the movement of prices and volume that will forecast the future movement of the price. There are nearly a hundred different methods of technical analysis. It would seem to me that if any were successful, there'd be only one.
JK: What about those who have their money managed by professionals? Why should they learn about investment analysis?
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JK: Why do you think most people do not invest? Traub: Number one, they're afraid that it's a
gamble and they will lose. They don't know that there's an approach that,
while boring and not exciting, lets them earn money with their money. JK: In regards to diversification, how many companies do you think is too many?
Next page > The "Buy-from-a-Sucker-Sell-to-a-Sucker" school of Investing & How to Double Your Money in 5 Years > Page 1, 2, 3, 4 |
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...sell the losers
(not those with the depressed prices but those whose revenues and
earnings aren't capable of growing adequately..
.)
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