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Tackle Today: E D G E

December 23, 2019

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Photo by David Underland from Pexels.

« Short Excel, Long Word. »

At what point in the process of analyzing equities to build a portfolio can one person distinguish geniuses from the common folks? And where exactly lies one’s EDGE in this business?

When Buffett started to follow Graham’s footsteps there were just a handful of people devouring books filled with tiny little numbers. He could spend an entire week looking at corporate reports to find an EDGE. And he certainly did so.

Nowadays, not only Google has built geniuses overnight but we are competing with real geniuses and algos from all over the world in this craft of picking stocks to compose a long term, durable, game-changer portfolio.

That is when having gray hair (or no hair at all) becomes the EDGE.

While young, we arrogantly believe in reason and idolize precise calculations like they are Data Gods. We don’t want to hear anything else, just “show me the data”. Long Excel.

As we grow old, we turn ourselves to philosophy and fiction. Less numbers, more books, and long conversations. We humble ourselves, read and listen a lot. Long Word.

With 70+ years of experience and 40+ annual letters written, individuals like Buffett can be considered an encyclopedia, almost the financial markets’ Akashic records. The absence of color in his hair shows how long does it take to achieve such wisdom.

The key is not only to learn from your experience but from other’s experiences. And, of course, allow your hair to turn gray.


Chart of the Day

No one cares

No one cares (/ES Futures)

I don’t know what the chart above is communicating to you in terms of technical analysis but to me, it reads one thing: No one cares.


Video of the day

Trading Concept Check: Targeting Techniques

The S.T.E.P. swing trading system uses a two profit target system, the 1st target is based on a higher probability of an outcome and the 2nd target is based on optimized outcome or expectations.


Today’s line up

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.


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