Re: If Technical Analysis works, why isn\'t there a mutual fund for it?
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John W. Henry, owner of the Boston Red Sox, is a long term trend follower. He traded a $16,000 account to over one billion dollars in a twenty year period. He does not use fundamental analysis. There is more than one way to make money in the market.
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That $1B isn't all his money, he's a rich man because he has clients who pay him to trade. Most of his funds are trailing the S&P 500. And what he does is much more sophisticated than TA.
"I don’t believe that I am the only person who cannot predict future prices. No one consistently can predict anything, especially investors.".
John W. Henry"
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