Techno vs Funda

Most people can pick good stocks and even know when to exit. But the real wealth, like Buffett and Munger built, comes from holding great businesses for years. What's the point of bottom-up investing if we keep polluting it with things like relative strength, moving averages, or promoter activity? Case in point:

- a great company in a rough demand environment - investors have either disappeared because crucial supports got broken or have gotten disappointed by short term underperformance. Despite a 75% drawdown, Relaxo has managed to beat FD returns in last 10 years. Let that sink in.