100-Day Reading Sharing Plan – Day 63

A Random Walk Down Wall Street

1. Any pattern in the stock market that can be discovered and used to generate profits will inevitably self-destruct. This is the fundamental reason why I firmly believe no one can successfully use technical methods to achieve above-average returns in the stock market.

2. Various technical theories only enrich those who create and market technical services, as well as the brokerage firms that hire technical analysts. These brokerage firms hope that the analysts' work will encourage investors to trade more frequently, thereby generating commission income for them.

3. It should be remembered here that those who engage in market timing inevitably risk missing the few major rallies, which have a significant impact on investment performance.

4. Simply adopting a buy-and-hold strategy will, at the very least, be no worse than using any technical strategy.

5. If a company's management is truly skilled at management, there's no reason to believe they will lose their Midas touch in the future. If the same capable management team continues to steer the company, the course of future profit growth should logically follow the past trajectory.

$Cleveland Cliffs(CLF.US) $Novo Nordisk AS(NVO.US) $Amazon(AMZN.US)