Warren Buffett: Smart People Should Avoid Technical Analysis

Warren Buffett has long spoken about his value investing approach to picking stocks, but in this video he instead focuses on the weaknesses of the technical analysis approach to stock picking, which he attempted when he was younger.

[imdoc]

I like to combine fundamentals with TA. Fundamentals help me determine which companies to buy and TA helps me to determine when. I love them both.

[Ddellastore]

He did't say absolutely NOTHING ABOUT AVOIDING TA

[QQQQQman]

To the owner: your headline "TA has never worked" in quotes is plain wrong as WB never said this. It is thoroughly misleading. Not good

[Lqud_hdw]

Warren buffet never said TA doesn’t work, clip is out of context… he only states that je himself isn’t good at TA which is why he doesn’t apply TA… doesn’t mean you’ll end up being a bad trader or vice versa.

[modestinvestor]

Nice video, didn't realise Warren was originally into technical analysis until he read the Intelligent Investor. . 👍 I think some traders like Jim Simons might argue a different case.

[KpxUrz]

It's hard to argue with success. And we all highly admire this great investor. However, I would say I surely put a LOT more effort into studying technical analysis of price charts than Mr Buffett has, especially since he gave it up so long ago. And I love technical analysis and see great benefits from it. Admittedly, no one has been as successful as Buffett has, so I don't dismiss his approach or results. I'm just saying that I rely strongly on chart analysis (among many other things), and I have been very successful at it. It can make you millions. Now, I guess if you want billions, then do things his way...

[svka]

What no one talks about is Buffett is an insider.

[sibonelelohlatshwayo]

Fandamentals is written allover Price action. U just need to know how to read it.

Infact u dont need fandamentals if u know how to read price correctly

[JustStartingOut-ntve]

I could not do it therefore other people cannot do it either is a very common misconception.

[SK-vgmw]

“Mind is very funny place”, that’s for sure! 😂

[jhutfre]

moment of truth is called "Eureka"

[gamuchiraindawana]

Back when Warren was 19-20, the 1950's, computers were complex, expensive and targeted at narrow audiences. The TA we perform today wasn't possible in the wildest dreams of whoever was pioneering TA back then.

Needles to say I still have massive respect for what Warren has accomplished, however times have changed and it sounds like he abandoned TA a long time ago.

[J-D]

Theres two types of people..
Those that understand technical analysis
And those that say it's not real.

[tyanthony]

I knew something wasn't right about that shit, strikes me more as human mind looking for patterns within chaos

[chrisettner]

TA is not everything but it can be useful

[LiveLoveLevelUp]

Not sure what this video explains except it just tells u to get a book

[Journeyman-Fixit]

Two of the most brilliant Capitalists on the planet.

[tp]

Not everyone can be as lucky as buffet getting into the market at a young age when the stock era was fresh n new

[avid]

I did NOT hear waren buffet said whats written on the topic - any one heard waren buffte saying that in this video ?

[chwa]

Technical analysts is astrology for men.