ABSTRACT

We can in the study of any subject accumulate so much materialdata-that the sheer accumulation overwhelms and defeats our purpose. What matters is our ability to discard irrelevant data and to find and understand the relevant and important facts. In the market above all, it is possible to gather an almost infinite amount of factsearnings, costs, profit margins, ad infinitum-that only the expert and gifted analyst (fundamentalist) can profit from.