Charts as Facts...and Punch a Banker Hug A Technician

This tweet about Trump and facts today stood out from the thousands I skim:

What a putz.

Trump has never cared about facts.

Me, on the other hand…I love facts. I get a lot of my facts from charts.

If my off the cuff opinions on any subject could make me money and earn me power, life would be grand.

They don’t.

Financial charts are both facts and art to me because they are a snapshot of human behavior and emotion.

They may not be predictive, they can be misleading and of course can be dangerous if built on bad data, but the right set of charts is priceless.

I eyeball thousands of charts a day and have been doing so for 20 plus years so that I can have a feel for the markets. There are millions of people that do the same so my edge is not great if at all. But, I would not be able to invest without them as context.

PS – We have put our money where are mouth is over the years on charts as an important business. Social Leverage (our fund) is a seed investor in two companies with charts in the name…Ycharts and Chartiq. Both are doing very well building large enterprise financial platforms.

ChartIQ has had a fantastic few weeks and will soon powering both CNBC and Yahoo Finance charts. They already power the Nasdaq and Etrade.

PSS – Punch a banker hug a technician