By Steve Christ, ,
June 3, 2013
So what do Warren Buffett and Peter Lynch have in common?
Aside from being legendary investors, neither one of them has ever
used technical analysis to dig up a market-beating stock pick.
In a world bereft of charts, trend lines, and candlesticks, both of
these heavy weights have relied entirely on fundamental analysis to
earn their famous fortunes.
In fact, their disdain for technical analysis is so complete that
Buffett once remarked, "I realized technical analysis didn't work when I
turned the charts upside down and didn't get a different answer."
Meanwhile, Lynch once observed, "Charts are great for predicting the past."
Instead of focusing on market momentum, they simply concentrated on
finding long-term value. It's called fundamental analysis.
And over time, that singular "system" made both men very wealthy.
more here:
http://moneymorning.com/2013/06/03/the-winning-investment-system-that-gave-us-warren-buffett-and-peter-lynch/
