Yes, finally a system that needs little translating between WOW and Metastock (and one that has no parentheses, I might add parenthetically). I'm glad you had no trouble using it in Metastock.
As for "A Zebra in Lion Country," I first read a brief section of it in a newsletter from his little company, The Acorn Funds. No doubt the firm agreed whole-heartedly with his belief in the unpredictability of the market and with his buy-and-hold philosophy. Here are some highlights from the book:
"My market-timing predictions are useless."
"Even the timers with the best records have added no return to a buy-and-hold policy."
"Every market timer has a set of signals he follows because they worked the last time. The trouble comes when they don't work the next time."
"Computers can find a trend that's been in place for a couple of years and that may persist for another few but then suddenly disappear, because it wasn't really there in the first place."
And the sell: "The main argument for mutual funds is that your money is managed by a full-time professional." (The Great Train Robbery was carried out by a full-time professional, too.)
"Considering the time, discipline, skills, knowledge, resources, and personality that investing demands, mutual funds are the sensible course for 95 percent of the public."
And this: "No mutual fund manager who relies on market timing has kept his job for fifteen years."
Umm, Ralph, Gerald Appel is on the line.
I don't know whether I'd rush out and buy "A Zebra in Lion Country." Maybe they'll be handing them out as door prizes at TAINJ -- or doorstops, more likely. |
