Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I think most investors are into longer term investment. Research convinces you that some select stocks are likely to do better than others over the next few years. Short term predictions next hour or next week are extremely difficult. Few have crystal balls that accurate.


Most so-called "investors" aren't 'investing' in any meaningful sense of that term. They're just gambling, and they depend on hope and bull markets to bail them out of their mistakes. But as Dalbar's 20-year studies document, they mostly fail miserably "to get it right".

Price predictions/forecasts are no more easy/difficult short-term or long term, because market time is fractal, as Mandelbrot has demonstrated. Also, a high degree of forecast accuracy is important only when payoffs are symmetrical.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.