I have documented over 1,600 investment strategies used by professionals, and have looked at their pros and cons.
While there is no perfect strategy, the chief pitfall in their usage is usually the lack of discipline employed to follow through objectives, not the strategy itself.
I discovered why markets can be rash and erratic. When institutional investors account for 80% and more of trades, why should the markets behave so erratically? Wall Street "wizards" invariably act in an undisciplined, mob-like manner; not as true experts. Their investment results speak accordingly. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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