Fundamental analysis doesn't work

[riseluxx]

I don't care if Buffet recommends it...it simply doesn't work. I never lost money in it...simply because after months and years of tests via computer programms I've written, reading studies from Harvard, MIT and etc - my conclusion is final: Nor technical analysis, nor fundamental analysis does work.

It's the null hypothesis...

My advice?

Arbitrage, but classical arbitrage and NOT statiscial arbitrage, this is how I make money and most serious people do. Everything else is gambling pure and simple.

 

[Trader666]

Then explain why Buffett is worth $40+ billion and you're posting from your mommy's basement.

And why you know so much about his methods but can't even spell his name.

Great ET moment

Quote from riseluxx:

I don't care if Buffet recommends it...it simply doesn't work.

 

[clacy]

Quote from Trader666:

Then explain why Buffett is worth $40+ billion and you're posting from your mommy's basement.

And why you know so much about his methods but can't even spell his name.

Great ET moment

Ouch!

 

[cgeorgan]

Perhaps what you meant to was that "Fundamental analysis, *as you practice it*, does not work."

That way, you don't lump in the success others have had in it with the failures you have observed personally.

 

[sjfan]

How are you testing fundamental analysis with computer programs? True fundamental analysis requires more than playing with a few price and earning ratios. It's about going out and talking to the company's owners, employees, vendors, peers, etc. If you are just testing a few buying/selling rules based on some financial statement ratios, you aren't doing fundamental anlsysis

Quote from riseluxx:

because after months and years of tests via computer programms I've written,

 

[R. Raskolnikov]

Oh how splendid...another "I can't do it so no one can" thread

 

[nazzdack]

Quote from riseluxx:
.....studies from Harvard, MIT.......

You may be better off to read stuff from Rutgers or Denison.

 

[SomeYoungGuy]

Quote from Trader666:

Then explain why Buffett is worth $40+ billion and you're posting from your mommy's basement.

And why you know so much about his methods but can't even spell his name.

Great ET moment

I figured he was referring to Yannick_Buffet who is well known for his ski mountaineering but lesser known for his equities trading strategy.