Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 261.26

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12:36 PM EST

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To: Jerome who wrote (42013)	2/10/2001 8:50:15 PM
From: Gottfried	Read Replies (2) of 70976

Jerome, I'm reading Malkiel's "A random walk down Wallstreet" and according to him TA is useless and FA nearly so. He cites 10 year mutual fund performance and observes how it did worse than the SP500. All this is well known to most, I'm sure, and yet we persist in making predictions. :) He cites many academic studies to back his statements. Malkiel observes he has never met a rich technician. I have never met a rich academician either. Gottfried recommended reading for entertainment and some insight.

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