There is the assumption that new ideas are best. Follow what is the new thinking because ideas of the past just are not that valuable. I do not subscribe to this thinking. We can learn a lot from the best thinker of the past and in the investment area, Marty Zweig was a great technical equity trader. He developed a list of 17 investment rules, and I can say that most of these are still useful. The first two are classic trend-following along with numbers 5 and 12. The behavioral issues are embedded in rules 9, 10, 13, and 17. Fundamentals are associated with rules 3, 4, and 16. Macro investing is embedded in rule 6 and 15. Risk management is associated with 7, 8, 11, and 14.
There are good take-aways from the Zweig list.
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