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Ill never understand how some people believe you can pick successful companies, but not time the market. What makes you think that identifying macro trends is impossible but that discerning which companies have been improperly priced by the market is possible?

I believe you can time the market (not to the tick, but getting out in 2007 and back in 2009. I also believe you can pick the right stocks. But I don't see how you can believe one and not the other

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