These kinds of statements tie back to some kind of sensible financial theory. This anchor on theory provides a solid foundation for fundamental analysis, but it is not the end of the story.
More Quotes from Alan Brown:
We are always fascinated when the brain goes haywire.Alan Brown
When one identifies that a stock or market is cheap on fundamentals, it is perfectly possible that the market will get yet cheaper before it starts to appreciate. Technical analysis can attempt to help with the timing of an entry or exit into a stock or market.
Alan Brown
There is a limit to the number of things you can look at. Technical analysis can help catch the myriad of other factors out there that one is not specifically monitoring.
Alan Brown
We are still trying to work out final details.
Alan Brown
I used to naively believe that heavily regulated industries - airlines, insurance, etc. - would show above-average rates of return due to barriers to entry and, therefore, reduced competition. Clearly that is not the case.
Alan Brown
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