Longterm investing is more effective than trying to time the market from "summary" of The Little Book of Bull Moves in Bear Markets by Peter D. Schiff
Long-term investing is about having the patience and discipline to stay invested in the market despite its inevitable ups and downs. It's about understanding that trying to time the market is a losing game, and that the best way to build wealth over time is to buy and hold quality investments for the long haul. When you try to time the market, you are essentially trying to predict the future - something that is impossible to do consistently. Market timing requires you to be right twice - when you sell and when you buy back in. This is incredibly difficult to do, even for professional investors. By focusing on the long term, you can take advantage of the power of compounding. When you invest in quality companies and hold onto them for years, you give your investments time to grow and ...
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