Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (60) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: TheVlad Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6729  
Subject: Re: Roth Portfolio Management Advise... Date: 4/16/2002 7:25 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Two of arguably the best investors that have ever existed -- Warren Buffett and Peter Lynch -- both admit to not being able to time the market. With how intelligent these guys are and how hard they work (both are essentially workaholics), I would say my own chances of success in market timing aren't too good.

I don't want to argue about Buffet. I would just note that his style of "investing" is unique. He is into buying businesses and not in the sense that you may think as in looking at the purchase of stock as buying a piece of a business. No, he's literally into buying businesses either outright or in significant chunks which guarantees him that nothing would happen at the company without his approval. That's a totally different proposition for which market timing is not crucial.

And considering market timing is completely unnecessary to getting excellent results, I can't comprehend why I should bother.

And how do you exactly figure that to be true?

I mentioned research that shows that fundamentals of the company influence only 20% of the changes in price with the rest (80%!) influenced by overall market and the sector the company is in.

So, again, how timing is completely unnecessary?

V.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (60) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement