Hermes Econometrics — Information for InvestorsArticles from The Papyrus — A publication of Hermes Econometrics for InvestorsTiming Doesn't Have to Be Perfect to Beat Buy and Hold- March 28, 2003 The most common argument against market timing is that investors will miss the best days of the market and see their returns suffer dramatically. But, before you buy this argument, you should look at the flip side - what happens if you miss the worst days - says the Society of Asset Allocators and Fund Timers, Inc. (SAAFTI). And perhaps even more likely, what would happen if you miss both the best and the worst dayshttp://www.econ101.com/hermes/Newsletters/nl2000fl2.html One Wall Street Truth You Can't Trust- March 27, 2003 "Buy a good company, hold it, and over time, you'll make money." When investing in today's market, this conventional wisdom has been true for over two decades. What we forget is that conventional wisdom is, by definition, grounded in the experience and customsconventions of a particular time and place. At each point in time, such truths seem self-evident.http://www.econ101.com/hermes/Newsletters/nl2000fl1.html |