Courtesy of Read the Ticker.
We all have to manage hot and cold stocks or sectors within our portfolios, the only way to do this this is to use ‘relative strength’ (ie alpha) as this allows you to keep an eye on the hotties!
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Investing Quote…
…”Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics.”…
William D Gann
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..
John Templeton
..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..
George Soros
…“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”…
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
