I’ve posted Entry #44 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called The Future of Investing.
Juicy Excerpt: The belief either that market timing does not work or is not required for long-term investing success has stalled research on the timing-related questions for many years. The question of whether timing is required has been revealed as silly. Of course we all must take price into consideration when buying stocks, just as we do when buying anything else.
That said, there are many important questions that need to be examined as to how best to go about market timing. This is the future of investing research, in my view. Once we overcome the Social Taboo that for decades has made us reluctant to challenge claims that market timing isn’t necessary, we will stop talking about whether market timing works or not and turn our attention to the far morerewarding question — How should we be going about market timing to achieve the best possibleresults from our practice of it?