WHAT WORKS? Background, statistics, theories, rumors, cycles, and God knows what, you name it – will any of these really help you make money in the market?
Honestly, I’m just not sure. In fact, I sometimes think that all kinds of economic studies and theories end up costing you more money than they’re worth. The reason – once you develop a theory about what you think the market will do, you have a mind-set. And a mind-set can cost you in the investing business. It can cost you because even if your theory or mind-set is correct, your timing may be, and very likely will be – wrong.