Bulls, Bears & a Croupier: The insider's guide to profiting from the Australian stockmarket
by Matthew Kidman
Chapter 20: Other myths
A whole book could be dedicated to debunking stockmarket myths. There are so many accepted sayings that just don’t make sense and, moreover, sidetrack you from the ultimate goal — making a decent return on your capital. In this chapter I try to cover some of the more common myths and explain why you should try to ignore them when you are investing in companies.
Timing
There is a pet saying among long-term investors that goes ‘it is time in the market and not market timing that matters’. In other words, you shouldn’t waste your time trying to pick the eyes out of market tops and bottoms because of their uncertain nature. Instead, you should try to buy a portfolio of quality stocks, sticking with them through thick and ...
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