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If you want tangible proof that the “Drone Era” is here, just look at the daily news feeds.
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Steve Christ is the Executive Editor for Money Morning. Steve first started trading stocks in the wake of the 1987 market crash - and was immediately hooked. In 2006, he launched his career in the financial press with a prescient call that home prices would fall 30% and hundreds of banks would fail. Before taking over Money Morning, he was the founding editor of The Wealth Advisory, an income newsletter. Today Steve specializes in the housing market and has appeared on radio and TV programs across the country. He resides in his hometown of Baltimore, Md., with his wife and three children.
So what do Warren Buffett and Peter Lynch have in common?
Aside from being legendary investors, neither one of them has ever used technical analysis to dig up a market-beating stock pick.
In a world bereft of charts, trend lines, and candlesticks, both of these heavy weights have relied entirely on fundamental analysis to earn their famous fortunes.
In fact, their disdain for technical analysis is so complete that Buffett once remarked, "I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer."
Meanwhile, Lynch once observed, "Charts are great for predicting the past."
Instead of focusing on market momentum, they simply concentrated on finding long-term value. It's called fundamental analysis.
And over time, that singular "system" made both men very wealthy.