2 comments Research: Market Timing (PrefLetter Version)

stusclues says:

Position maintenance (i.e. setting limits in nominal or % portfolio amounts AND sticking to them) can look very much like market timing in hindsight (a point made by James numerous times). It isn’t but it does add incremental value to the standbys of “clipping coupons” and swapping (monetizing relative value).

[…] essay is largely copy-pasted from the appendix to the October, 2009, edition of this newsletter (charts have been updated and the text lightly edited), which in turn borrowed heavily from my blog […]

Leave a Reply