of market forecasters. Many also endure arduous journeys on investment
selection based on comparisons of past performance. Here’s my dirty little
secret: No one can tell you when chaos will ensue, when earnings will
explode, and past performance has no impact on tomorrow.
Everyone has a solution: talking heads in the media know when
doomsday is coming, your friend knows the next hot stock, your advisor
knows just when to get in and when to get out. But attempting to time
the market or forecast its behavior can cause you to get burned by huge
losses. A wise man once said, “Market forecasters will fill your ear, but
never your wallet.” Thanks for the tip, Mr. Buffet.
Active Trading
The battle of active versus passive management has raged on for
decades. Rather than picking one or the other, we wou