If you’re a part of StockTwits Nation (or even a casual observer), chances are you know @gtotoy aka The Goat. And if you’re a serious trader, you definitely respect him.
But you should know there’s a lot more to The Goat than just his buy and sell tweets. The Cloven-Hoofed One has a monster of a blog post up that will now enter the rich and storied TA-versus-Fundamentals canon.
Self-interest is the name of the game. And solely out of self-interest, humans will invariably lie, cheat, steal, and kill. I could count the ways for you, but would it do any good? Probably not. Because odds are your programming will kick in and you’ll just go crawling back to Feel Good, Inc. and the habitual belief that fundamentals are the way, the truth, and the light. All the while, every facet of traditional fundamental analysis is on the take.
His argument is that because everyone is playing the self-interest game, analyzing “fundamentals” is the equivalent of studying a pack of lies. Only he says it way cooler than I can. Anyone who’s been blown up once or twice (or a thousand times) because someone at a company was full of shit or some analyst blew the call can relate to these sentiments. Check out the rest at the link below.