Big Picture: Barry Ritholtz Interviews Ned Davis ~ Technical Analyst Extraordinare

Interview: Ned Davis, NDR

by Barry Ritholtz - April 18th, 2013, 7:00am

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“We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes.”

-Ned Davis

If you are a regular main street investor, you may never heard of Ned Davis.

If you are a market technician, however, you certainly have –  Ned Davis may be the single most highly respected Technical Analyst working today.

If you want to know if its worth your time to spend an hour with this legendary technician, consider what Ned calls the four basic traits of successful investors:

1. They look at objective indicators. Removing the emotions from the investing process, they focus on data instead of reacting to events;
2. They are Disciplined:  The data drives decision making with pre-established rules. External factors do not influence them;
3. They have Flexibility:  The best investors are open-minded to new ideas, or revisiting previous thoughts;
4. They are Risk adverse: Not always obvious to investors, it is a crucial part of successful investing. 

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