To be honest, my sister-in-law represents the apotheosis of trading genius in the past twelve years. What does she know about finance? Nothing. What does she know about charts? Zero. But she put all, and I mean all, her money into Apple, and she hasn’t touched it once.
Indeed, given the state of the past dozen years, she represents the perfect investor. Ignorant. Passive. Uninterested. Motionless. And that, my friends, has got everyone else beat. Because those trillions from Powell have to go somewhere, and they find a happy home every day in this company which apparently manufactures little else but green daily price bars.
