By Sam Instone - May 22, 2018
I borrowed that title from the words of legendary investor Warren Buffet.
He’s talking about market timing.
Trying to get in just before prices start to rise.
And out again as they’re about to fall.
It’s exhausting thinking about it.
Worse still, it’s utterly pointless.
But don’t take my word for it.
Legendary economist John Maynard Keynes, discovered this first hand.
Incidentally, Keynes’s investment record is fascinating on a number of levels….
The moral of the story?
If even Keynes couldn’t time the market with any real success, the rest of us shouldn’t even try.
And we ought to be extremely wary of altering our investment strategy on the basis of what economic forecasters might say.
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