Market Timing
Labels: finance, invesing, stocks
As the Danish Philosopher Søren Kierkegaard noted, life can be only be understood backwards – but must be lived forwards. Looking back, you can exactly see when you should have bought and sold your stocks. But dont't let that fool you into thinking you can see, in real time, just when to get in and out. In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.
The Intelligent Investor by Benjamin Graham
Post a Comment