Learning from legends - What the wise man does - Howard Marks

Howard Marks on Timing… Learning From Legends

400 300 Charles Weeks

“What the wise man does in the beginning the fool does in the end,” is a quote from billionaire investor Howard Marks that tells us a lot about timing.

Studies by investment industry research firm DALBAR have shown year after year that the individual investor underperforms even the investments they are investing in, due to poor timing decisions. These poor timing decisions are typically a result of performance chasing.

If an investment has done well for awhile you shouldn’t pile in, you are likely acting like a fool…

Charles Weeks
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Charles Weeks

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