Mike,
I have lurked on this thread for a long time and have some questions for you. I am a gen-x'er who has limited experience in the market. When I first started putting money in the market, I believed the hype about the new era, forever growth in the economy, etc. I even got into TA, which I totally disregard now, along with all the new pair of dimes hype. I think that the reason so many people believe in TA is that anybody can "do" it. Anyone can draw moving averages and "trend channels" or whatever, and make a forecast that has a 50/50 chance of being right. Fundamental analysis is infinitely harder. Speaking of which, I know that you have said before that you did not major is economics or finance or anything like that in college. So how did you learn about the market/economics/finance before going to Wharton? Are there any books you would recommend on the topic of fundamental analysis of stocks?
Also, from what I've read on this thread, I know that you believe that the growth of the PC industry is dead. And that this in turn will cause the end of the current tech cycle as well. If that happens, what do you think will be the driving force behind the next tech cycle? |
