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[sharechat] Re -DEFINITIONS

From:	"latham anderson" <latham.anderson@xtra.co.nz>
Date:	Fri, 27 Apr 2001 19:35:55 +1200

From John Rothchild-'A FOOL AND HIS MONEY'

Technical Analyst: person who thinks market action itself can predict future course of markets; deluded individual.

Chartist: kind of technical analyst who reads charts; wiggle watcher, solopcist, totem worshiper.

Fundamentalist: person who thinks that earnings, condition of companies etc will determine future stock prices; deluded individual.

Contrarian: investor in things currently unpopular, hoping for big profits later; going against the crowd at the same instant the rest of the crowd has decided to do the same.

Average investor: born loser.

Successful investor: liar.

Dont you all agree? Cheers Andy.

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