Stay focused on the big picture and avoid market timing from "summary" of John Bogle on Investing by John C. Bogle
The essence of investing is to stay focused on the big picture and avoid market timing. Trying to predict short-term market movements is a fool's errand, as even the most seasoned investors are often wrong in their predictions. Instead, investors should focus on the long-term outlook of the market and their investments. Market timing is a dangerous game that can lead to poor decision-making and subpar returns. Investors who try to time the market often end up buying high and selling low, which is the exact opposite of what successful investors do. By staying focused on the big picture and ignoring short-term fluctuations, investors can avoid making costly mistakes. Investing is about patience and discipline. It's about having a long-term perspective and sticking to your investment strategy, even when the market is going t...
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