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.
Too many investors focus on “outlook” and “trend.” Therefore, more profit is made by focusing on value
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.
Is buying with a margin of safety really the closet practice of market timing?
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