Quotes About Market Timing

With the bull market reaching its 11th year, there is a sense of trepidation that it will to come to an end soon. There are many people that have discussed selling stock today in the hope of buying them back cheaper in the future. But bull markets don’t die cause of old age. No one knows when the current bull market will end. So it is useless to try and predict future market price movements. It is useless to try and time the market.


I constantly say that market timing is impossible. Find below, various sayings from the best investors in history about market timing.

“There are only two types of people when it comes to market timing: (1) People who cannot do it , (2) People who have not realized that they cannot do it.” – Terry Smith


“I can’t recall ever once having seen the name of a market timer on Forbes’ annual list of the richest people in the world. If it were truly possible to predict corrections, you’d think somebody would have made billions by doing it.”- Peter Lynch


“Our stay-put behavior reflects our view that the stock market serves as a relocation center at which money is moved from the active to the patient.”- Warren Buffett


“Do nothing. I think all of this market timing is statistically unfounded. I don’t trust it. You may avoid a downturn, but you may also miss the rise. Choose the risk tolerance you’re OK with and hold tight.” – Eugene Fama


“‘Market timing’ is unappealing to long-term investors. As in hunting deer or fishing for rainbow trout, investors have learned the importance of ‘being there’ and using patient persistence – so they are there when opportunity knocks.”- Charles Ellis


“Only liars manage to always be out during bad times and in during good times.”- Bernard Baruch


“Market timing recommendations have an impressive track record of being harmful to an investor’s financial health.”- Peter Bernstein


“We’ve yet to find anyone who can accurately and consistently predict the market’s short-term moves.”- The Motley Fool


“In the long run it doesn’t matter much whether your timing is great or lousy. What matters is that you stay invested.” –Louis Rukeyser


“Stay invested. Not only does buy-and-hold investing offer better returns, but it’s also less work.” –Eric Tyson


“It’s a staple of personal finance advice: Buy-and-hold, because trading the stock market is a sucker’s bet.”- Larry Swedroe


“I do not know of anybody who had done market timing successfully. I don’t even know anybody who knows anybody who has done it successfully and consistently.” –John Bogle


“The odds that you will achieve long-term success by actively trading or timing the market round to zero.”- Morgan Housel


“In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.”- Benjamin Graham


“Winning with stocks requires only patience, not foresight.”- Jeremy Siegel


“People should stop chasing performance and just put together a sensible portfolio regardless of the ups and downs of the market.”- David Swensen


“If you’re determined to succeed at investing, make it your first priority to become a buy-and-hold investor.” –Jack Brennan


“Your very refusal to be active, and your renunciation of any pretended ability to predict the future, can become your most powerful weapon.”- Jason Zweig


After receiving the Nobel Prize, Daniel Kahneman, was asked by a CNBC anchorman what investment tips he had for viewers. His answer: “Buy and hold.”


“If I have noticed anything over these 60 years on Wall Street, it is that people do not succeed in forecasting that’s going to happen to the stock market.”- Benjamin Graham


“Don’t sell out of fear or buy out of greed. Just keep making investments, and let the market take its course over the long-term.”- Norman Fosback


“We have found that the fund managers who tend to perform the best over time are the ones who spend the least amount of time debating which way the market is heading” –Don Phillips


“Trying to anticipate any market’s ups and downs can be a costly, and futile, exercise.-Wm McNabb


“What it really takes to improve your returns and diminish your risks is a willingness to stop focusing exclusively on the movement of the markets.”-Baer & Ginsle


“I do not believe it possible to play the in and out game and still make the enormous profits that have accrued again and again to the truly long-term holder of the right stocks.”- Philip Fisher


“The average investor’s return is significantly lower than market indices due primarily to market timing.”- Daniel Kahneman


“Investors desperately want to believe they can time the markets, but the statistics tell a different story.” –Liz Ann Saunders


“The market timer’s Hall of Fame is an empty room.” –Jane Bryant


“Timing the market is for losers. Time IN the market will get you to the winner’s circle, and you’ll sleep better at night.” – Michael Leboeuf

“Do you know what investing for the long run but listening to market news everyday is like? It’s like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.”- Alan Abelson


“It is in the nature of stock markets to go way down from time to time. There is no system to avoid bad markets. You can’t do it unless you try to time the market, which is a seriously dumb thing to do. Conservative investing with steady savings, without expecting miracles, is the way to go.”- Charlie Munger


“Are you really smart enough to not only a) predict a market fall but also; b) figure out how this translates into individual stock movements; c) get your timing sufficiently correct that you do not either forgo gains which far outweigh any losses you protect against or suffer some of the downturn; d) have sufficient mental agility and nerve to start buying when your prediction of a market fall has become reality; and e) get the timing roughly right on that side of the trade so that you don’t end up catching the proverbial falling knife or missing some or all of the recovery? 

If so, I doubt you will be reading this letter on your private island. But above all, I doubt you exist. “ – Terry Smith