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Why Market Timing, Inevitably, Destroys Your Returns

Investing 101

Olympic track and field champion Carl Lewis once said,“Life is about timing.” But he was an athlete, not an investor. And he sang like this.

Timing matters, if you have it. The poor showing of stocks in the last few years might seem to make the argument for timing your buys and sells. But careful analysis shows that your performance, should you be tempted to try it, would nearly invariably be much, much worse. Continue reading

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Waiting for Your Pitch: Invest Like Manny Ramirez Hits

Tips & Advice

“Can’t anybody here play this game?” — Casey Stengel

Manny Ramirez is a oddball. He’s a laughably bad fielder with weird off-field habits. “Manny being Manny” is long-running baseball shorthand to explain away his antics.

But in the batter’s box he is a raging bull, a career .312 average after 19 seasons with 555 home runs and 1,831 runs batted in. Make what you will of his personality, but his stats put him among the all-time greats. Continue reading

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How to Use Media Noise to Improve Your Investing Reflexes, Part 1

Tips & Advice

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” — Warren Buffett

What’s the difference between you and one of the richest men in the world, besides all that money, of course? Warren Buffett, the multi-billionaire head of holding company Berkshire Hathaway, would explain it simply: He doesn’t buy stocks. He buys businesses. Continue reading

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