Do not jump in and out, nor over-weight macroeconomics

Playing the in and out game: The great investors say they cannot predict short term price movements. Imagining that you can look at one of the shares in your portfolio and say that over the next six months I think it will go down and therefore I will sell it now and buy it back again in six months from now is foolish.

Equally foolish is the policy of looking for shares not yet in your portfolio that you estimate will rise over the next six months.

None of the great investors believe that they have sufficient knowledge to be able to say whether a particular share will be higher or lower six months hence.

And yet so many less experienced people think they know!  What does that tell you about over-confidence untempered by long experience or by learning from the those with greater wisdom?

The long term holder will out-perform the short term holder.

Macroeconomic forecasts

Relying on these is ‘silly’. Our current state of knowledge of….To read more subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1

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