Typically, I wouldn’t post a book review or summary of a book focused squarely on investing especially when it comes to technical analysis. Most of you simply would not care and if you are likely utilizing someone to manage your assets for you, that should be your manager’s job to understand if they are using technical analysis in their investment process.
However, I was able to glean from Point and Figure Charting: The Essential Application for Forecasting and Tracking Market Prices by Tom Dorsey a few life lessons worth mentioning and a couple of investing points that likely apply to most people.
Life Lessons (bullet points are directly from Mr. Dorsey’s book)
Finally, Mr. Dorsey referenced a familiar Teddy Roosevelt quote from his speech “Citizenship in a Republic” delivered at the Sorbonne, in Paris, France, on April 23, 1910. I thought that it was an appropriate focal point as we here in the U.S. go to the polls this week to elect our leaders who I hope will help lead our country to continued great achievements.