If you invest in the stock market long enough, you’re bound to hear a lot of often-repeated phrases. Today I want to talk about two that are frequently bandied about, but completely opposed to each other: “It’s time, not timing.” “Timing is everything.” Value investors are firmly in the “It’s time, not timing” camp. Warren Buffett once famously said “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” This strategy plays a big role in the Cabot Benjamin Graham Value Letter, edited by Roy Ward. He doesn’t hold stocks for...
