Avoid market timing and chase performance from "summary" of Random Walk Guide To Investing by Burton G Malkiel
Timing the market is notoriously difficult, and investors who try to do so often end up worse off than if they had simply stayed the course. It can be tempting to try to predict when to buy and sell based on market trends and performance, but this approach is fraught with risks. Research has shown that even seasoned professionals struggle to consistently time the market correctly. The problem with market timing is that it requires accurately predicting not just the direction of the market, but also the timing of those movements. Even if an investor gets the direction right, they may still lose out if they fail to time their trades correctly. This is why experts recommend a long-term, buy-and-hold strategy rather than trying to time the market. Chasi...
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