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The Whale of Mass Destruction
When I used to work in finance, we’d talk about two different types of trading - fundamental and technical. A fundamental trader is someone who looks out into the world to assess something. Picture yourself as a 14th century merchant on the Silk Road in Central Asia. Imagine closely studying the farmlands you pass, or asking local innkeepers what their patrons are saying about the quality of the cotton harvests. You’re a detective, speaking to people on the frontlines of production. You verify stuff. In the financial markets, the fundamental trader is represented by someone like Warren Buffet. Ok, he’s not ... (full story)