In our last Saturday’s Course Graduates Meet, Eric Kong, our invited guest speaker from Aggregate Asset Management, lifted a passage from Benjamin Graham’s Security Analysis. The passage immediately structured my messy thoughts the moment I saw it. I believed you have such epiphany before. Yes, it was a mind blowing experience. The passage looks like this: Benjamin Graham couldn’t put this better. He was spot on since 70 years ago. However, we, modern learned men, still make the same mistakes by speculating in the markets. Old habits die hard I supposed.

Technical Analysis and Chart Reading

If you are engaging in technical analysis, Uncle Ben will consider you a speculator. But do not misunderstand Ben Graham. When he said speculative, it doesn’t mean you won’t make money. He probably mean to say it is risky and harder to make money consistently. The very good traders make money from speculation but this is ......