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Session 30: Market Timing - Setting the Table
Published 5 months ago
Description
In this session, we begin by arguing that all investors are market timers, insofar as they decide how much to invest and when to invest, with the difference being more of degree. The allure of market timing comes from the payoff that it delivers to those who are successful at it, since successful market timers will easily beat their counterparts in stock picking. The cost of market timing is that you may end up out of the market at exactly the wrong times (the periods where the market is going up).
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