With all the stock market turmoil, I thought I’d share some investing quotes that I ran across when reading The Bogleheads’ Guide to Investing. The general topic is “market timing” â€“ i.e., the practice of jumping in and out of the market, trying to buy in at the low points and sell out at the high points. There are (in my opinion) some real pearls of wisdom in here.
“I never have the faintest idea what the stock market is going to do in the next six months, or the next year, or the next two.”
“Market timing is a poor substitute for a long-term investment plan.”Jonathan Clements, Wall Street Journal Columnist
“Market-timing is bunk.”Pat Dorsey, Director of Morningstar Fund Analysis
“I’ve learned that market timing can ruin you.”Elaine Garzarelli, Stock Investing Analyst
“If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting what’s going to happen in the stock market.”Benjamin Graham, Investor and Author of The Intelligent Investor
“The market timer’s Hall of Fame is an empty room.”Jane Bryant Quinn, Columnist and Author of Smart and Simple Financial Strategies