Originally Posted by
shasta
Whilst Buffett might buy whole businesses & not just a few shares in them, it's the psychological thinking which is the difference.
He thinks of buying & owning a business forever (& he's a big proponent of the "allocation of capital"), which is the complete opposite of TA, which only trades based on volume & technical indicators - to a chartist what the business does is irrelevant
In more simple terms, if you find a stock you like on the NZX/ASX, & it has a pathway to production say in 3 - 5 years, has a big resource which will be in demand, you buy & hold the stock.
Warren has made some of his biggest purchases following a big correction/drop in the market, so using the fear in the market to your advantage is a Buffett style trait. (I guess it's part of averaging down, which TA frowns upon!)