Market (In)Efficiency and beating the market
Behavioral inefficiencies are likely the most enduring because human nature has not changed much over time and is unlikely to change much in the future.
market timing
Match the market going up and, in a pullback, go down less
By timing we mean the endeavor to anticipate the action of the stock market – to buy or hold when the future course is deemed to be upward, to sell or refrain from buying when the course is downward. By pricing we mean the endeavor to buy stocks when they are quoted below their fair value and to sell them when they rise above such value.
The curious advice to sell in May and go away
We are prone to exaggerate the consistency and coherence of what we see.
What to make of economic and market forecasts
We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now
A time of maximum pessimism
So we search for those things that other people are selling and then if the problem or adverse outlook is temporary we buy them and hold them patiently for years until the public changes its mind.
Decisions, decisions and the current down market
The intelligent investor should be interested in the possibilities of profiting from these pendulum swings. There are two possible ways by which he may try to do this: the way of timing and the way of pricing.
Timing that’s not market timing
Too many investors focus on “outlook” and “trend.” Therefore, more profit is made by focusing on value
Why you can safely ignore market (and economic) predictions.
The last time I made any specific stock market predictions was in the year 1914, when my firm judged me qualified to write their daily market letter, based on the fact that I had one month’s experience in Wall Street.
The cornerstone of investment success
Is buying with a margin of safety really the closet practice of market timing?
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