My Stock Market Advice
Three years ago, I told anyone who asked that I thought it was too late to sell, but too early to buy.
Today?
My take is that it’s too late to buy, but too early to sell.
Based on my abysmal market timing, that no doubt means that now is positively a great time to buy.
P.S.: If you’re looking for an investing guru, the ideal is someone who is consistently right.
Less understood is that finding someone who is consistently wrong is just as useful: you just do the opposite.
In statisticians’ lingo, a coefficient of correlation of either +1 or -1 is equally desirable.
