There’s more than one way to skin a cat.
Like the rather gruesome phrase (probably coined by a psychopath), there is no one specific investment style you must follow to achieve investment success. There are countless examples of investors who’ve succeeded using entirely different and sometimes diametrically opposing investment styles.
Warren Buffett is the third richest man in the world today with a net worth of US$66.4 billion thanks to value investing for over 60 years, while Paul Tudor Jones is regarded as one the best traders of all time and has made a personal fortune of US$4.6 billion based on technical analysis and swing trading.
Zealous proponents of value investing will jump in at the chance to point out that Buffett is worth 14 times Jones (and, therefore, value investing is “superior”) but they make the mistake of missing the point entirely: Jones would have most likely ......