Alstrynomics versus the Techno Fairies
It has become clear to me that the real animosity toward Alstry comes not from his sharp witted ascerbic attitude that sees the fundementals clearly and likes to stand up for truth, justice, and the US Constitution.....but the anger is derived from a fundemental difference in philosophy between technical analysis and fundemental analysis.
Those that understand and practice Alstrynomics are well aware that its principles are grounded with a strong fundemental base. It is why Alstry remains steadfast to his positions for such long periods of time and against strong opposition with a character that doesn't blow with the wind like the Techno Fairies.
Tonight, based on the comments that I have read....it has become much easier for me to understand how the Techno Fairies sometimes come off as flip floppers and irrational to me.....it is not that I am necessarily right or wrong.....or vice versa, it is simply this is my perspective of their behavior from my observations.
It would seem to me that it would be very difficult to achieve long term success when one day you are hot and the next day cold to ever hold a consistent position on just about anything.....not limited to simply investments.
Please note, Alstrynomics doesn't dismiss technical analysis completely as evidenced by its emerging work with limited success on the Techno Trance Spector Vector theories and applicatons. However, without fundementals being the foundation of one's analytics, it seems that whatever investment thesis you build, without a strong foundation, it could blow over even with the slightest wind opposite your belief.
It is not that one system is necessarily better than the other, both can serve complimentary to the end result of improved returns and scoring points in CAPs. But those that practice technical analysis exclusively sure seem to have little tolerance to face any headwind of any significance. I should know because I have seen it in CAPs, read about it in various publications, and observed it in the market itself by the behavior.
Unfortunately, the markets throw strong headwinds at investors all the time....and often unexpectedly. If one is going to shift direction each time the wind blows....it sure seems like a recipie for potential disaster form this perspective as one is always seeming chasing his or her tail. However, if one thinks he can anticipate the changes at each directional inflection, if successful, he should earn enough money to buy the entire universe in a relatively short period of time.
The only thing I know for sure is that I am unaware of any Tehcnical Analysis focused Billionaires....but I can rattle off a bunch of fundemental billionaires....but there are even fewer of them as of recent. For a while there I thought it was me and my personality.....but now I know it is simply the Techno Fairies blowing in the wind depending on what time of the month it may be....
I promised Jake to never attack any blogger personally, regardless of their position....I may disagree with their investments or methodolgy, but I will never make it personal. All I ask is you do the same to me and refrain from the personal attacks like TRDH, Donner, and Goodvibe, RonChapmanJr, and many others have consistently leveled against me. It is not that I mind really, but if I am going to be cold cocked in the face while I am not looking, I would at least like to be able to defend myself....doesn't that seem reasonable and fair????
You don't have to be mean to Alstry just because we have a philosophical difference. As a matter of fact, because of you Fairies, I have started Techno Trance Analysis which has made me a lot of money. For that I extend my most sincere thanks....and so do my kids, wife, and friends who have benefitted.
This could be one of the most useful blogs I have ever written. It really goes to the core of understanding the primary two schools of investment style....technical analysis versus fundemental analysis and the potential complimentary relationship between the two Just because Alstry may be rapidly becoming one of the best at both with evolving Alstrynomics.....it doesn't mean you have to level insults at him.......
Instead of insulting you directly.....Alstry will demonstrate his skills and talents on the field. You can call Alstry all the names you want and try to deflect the focus from the core goal......which is investors helping investors to become better investors which is most effectively done by teaching investors how to score more points on their own.....after all, in its essence, isn't that what CAPs is all about and how one beats Wall Street?
I hope this clarifies things for some of you....for others there is probably no hope....but let me leave you with this....in law school and in the practice of law we learned how to distill the FACTS into an actionable end. The KEY was to make sure you got the FACTS right. From this perspective, success in investing is not too much different.....you NEED to get the FACTS right. There is lots of noise and distractions out there cloudying up the FACTS......once you learn how to see through them, you will be well on your way to being a solid practicioner of Alstrynomics and hopefully see better investment returns in your future.
I have little doubt that Alstry will be able to provide an excellent real life CAPs example of distinguishing FACTS from noise below.....as you are now playing in Alstry's House, may I respectfully remind you....Alstry is prepared for whatever the Techno Fairies throw blow way.
Finally, an important post dealing with the two schools of investment styles....