corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
I disagree. Most famous market timers are billionaires. They just know how. Most people don't.
Example...Bill Achman recently made $2 billion shorting the market.
Click
https://www.cnbc.com/2020/03/25/bil...made-to-buy-more-stocks-including-hilton.html
What about Warren Buffet? Peter Lynch? Jeffrey Gundlach?
Recently, most billionaires have increased their cash position. I like to do the same since I am currently 70% treasuries.
Go ahead and believe that the room of market timers is an empty one.
There is a reason why some people get rich in the stock market and some people don't. As far as buy and hold and never try to time the market, that strategy is OK for people who do not know how to play the game.
The classic I'm smarter than you argument.