Sunday, April 01, 2007

Technically, that's not "Analysis"

Charles Ellis has a nice review of the new edition of "A Random Wall Down Wall Street" in this week's Barron's.

The highlight (and possibly best part of the book):

"Devastating to technicians, Malkiel patiently exposes all the main concepts and techniques of the chartists to sunlight. None survive. Ever the pragmatic realist, he reminds us that while technicians don't make money for investors, they do make money for the stockbrokers who employ them and advertise their "skill" to us."

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