Investment guru Warren Buffet once said that he never invests in anything he doesn’t understand. And as an informed investor, neither should you!
Remember your Math classes? Graphs? Charts? Patterns? Well, it’s time conjure those memories up, and talk about technical analysis.
Warren Buffet once said that he never invested in anything he didn’t understand. Although he was speaking of assets, this statement is true regarding all aspects of investment. Who, what and how.
In explaining the difference between going long or short, one unnamed lecturer told his class that investing in a rising trend is a long-term undertaking, because one is investing in optimism. Investing in a falling trend, on the other hand, is a short-term undertaking, because one is investing in panic. It takes longer to build a house than to destroy it.