MI269: How to Spot Turning Points in the Market w/ Milton Berg

<p>Rebecca Hotsko talks to Milton Berg about his shift from fundamental to technical analysis, his critiques of value investing, his use of market indicators to identify turning points,&nbsp;&nbsp;and much, much more!&nbsp;</p><p>Milton Berg, CFA, is the CEO and Chief Investment Strategist of MB Advisors, LLC. He has worked in the financial services industry since 1978 and began his career as a Commodities Analyst and Trader at Swiss-based Erlanger and Company. He has worked with well-known titans of the hedge fund world including Michael Steinhardt, George Soros, and Stanley Druckenmiller.&nbsp;</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>02:30 - Why Milton transitioned from being a fundamental investor, studying Benjamin Graham and David Dodd, to a technical analyst.&nbsp;</p><p>10:49 - What drives market prices in the short term and long term, and are they random?</p><p>16:25 - Milton’s criticisms about value investing and learning from studying Benjamin Graham.&nbsp;</p><p>34:54 - How his investment strategy works, which is centered around identifying significant turning points in the market.&nbsp;</p><p>35:06 - What indicators he uses to assess whether the market is at a turning point.&nbsp;</p><p>45:25 - Whether Milton believes we are near a turning point today and the market has already seen its bottom.&nbsp;</p><p>Is it possible to time the market?&nbsp;</p><p>01:00:33 - Advice on the most important factors that long term investors should focus on.&nbsp;</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Check out:&nbsp;<strong>&nbsp;</strong><a href="https://miltonberg.com/" rel="noopener noreferrer" target="_blank"><strong>MiltonBerg.com</strong></a>.</li><li>Related Episode: Listen to&nbsp;<a href="https://link.chtbl.com/MI255" rel="noopener noreferrer" target="_blank"><strong>MI255: Navigating Bubble 3.0: Is This Tim