Time and tide and all that stuff
Quote:
Originally Posted by
777
They would only need to sell if clients wanted their money back. Bailing after the turn in the market is stupidity.
Well, bailing before the market turns is also 'stupidity', if not more so.
I believe Peter Lynch actually said that many people who invested in the funds he managed lost money despite his out-performance of the market precisely because they gave him their money when the market was hot and took it back when it was down.