People were saying to me the other day that looking at the previous charts of a general trend upwards is worthless since it doesn't indicate future trends but isn't that the whole point of fundamental analysis and what Charlie Munger and Warren Buffet base their stuff off of (among other things)?
I don't see how 50+ years (for example) of a general uptrend could be 'worthless' and not at all indicate future likelihood of success. Sure it isn't 100% but isn't it just like saying in quantum mechanics nothing is impossible but still it is highly probable that you won't suddenly fall through a solid wall. The longer the charts had trended up the more likely they would in future no? If not why not? and also if not then what signals should you base your picks on instead?
Submitted July 03, 2021 at 06:30AM by Zambo_Dolemont https://ift.tt/3ApxtdO
