Recently, I've been reflecting on how I've fallen into the trap of value investing.

Buffett/Munger have two famous viewpoints. If retail investors truly believe them, that's just foolish.

1. We never study the Fed's moves, focusing instead on researching good companies that can weather interest rate hike and cut cycles.

The reality is Buffett might genuinely not need to study it; Fed voting members might communicate directly with Berkshire. Think about how Buffett stepped in to rescue the market during the 2008 financial crisis.

2. K-line technical analysis isn't important; using K-lines to predict the future is like astrology.

The reality is Berkshire's current analytical tools for the stock market definitely do not lack technical analysis.

At least for retail investors, wanting to bottom-fish or chase a high price for a company they're bullish on, technical analysis is very useful. It might hold you back and save your life when you're about to bottom-fish a bottomless pit.

These viewpoints Buffett talks about are like Chinese entrepreneurs recounting their entrepreneurial journey, only talking about how they struggled and worked hard, while omitting the most crucial information like collusion between officials and businessmen.

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