Investment management is not about gambling but about quality of life! For someone who's spent the past 26 years as a market analyst, researcher, trader and hedge fund manager, it might come as a surprise that I actually mean it when I say that I hate trading. I explained why I fell out of love … Continue reading I hate trading!
Warren Buffett and Ben Graham: momentum players, NOT value investors!
Tens of millions of individual investors worldwide took the step of setting up their own brokerage accounts to actively manage their portfolios. Unfortunately, most of them lose money: an 11-year study published by the UK regulator FCA found that 82% of them lose money. The data published by many of the retail brokers corroborate this. … Continue reading Warren Buffett and Ben Graham: momentum players, NOT value investors!
Market trends: far and away the most powerful drivers of investment performance
More than a century of empirical data covering 18 of the world’s largest stock markets show beyond a shadow of doubt that market trends are the most powerful drivers of investment performance. The foundations of a successful long-term investment management practice should rest on four pillars: Truth Strategy Discipline Patience Truth is what we try … Continue reading Market trends: far and away the most powerful drivers of investment performance
I-System Trend Following 