"The dumbest reason in the world to buy a stock is because it's going up." VS "A trend has a higher probability of continuation than a reversal."

- Warren Buffett often emphasizes the importance of investing with a long-term perspective and a focus on fundamental value. When he made the statement, "The dumbest reason in the world to buy a stock is because it's going up," he was highlighting a common mistake that many inexperienced investors make: chasing short-term price movements without considering the underlying fundamentals of the company.
- Mark Minervini on the other hand tweeted the statement "A trend has a higher probability of continuation than a reversal" reflecting his belief in the principles of momentum and trend-following trading strategies. Minervini believes that timing your trades is critical and recommends you to combine technical analysis, fundamental analysis, and risk management.
- Warren Buffett by contrast believes trying to time the market is a waste of time and hazardous to investment success. As far as technical analysis is concerned, he once said "I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."
- Jesse Livermore gave the advice to never buy at the bottom, and always sell too soon.
- Buffett however once said, "Be fearful when others are greedy and greedy when others are fearful".
- Livermore was a strong advocate of stop-loss orders and would always have them in place to minimize potential losses.
- Buffett in contrast joked that “using a stop loss has always struck me as like having a house that you like, and you’re living in, and it’s worth $100,000 and you tell your broker, ‘You know, if anybody ever comes along and offers $90 [thousand], you want to sell it."