INVESTMENT TIMING
“Timing is everything” Sam Zell
“In the markets, timing can be the difference between a windfall and bankruptcy” Leon Levy
“If a trader is right on direction, but wrong on timing, then the trader is wrong period” Peter Brandt
“There is one thing about being an asset manager. Timing is everything. The synonym for “early” in the investment business – is ‘wrong’”. Jeffrey Gundlach
“Market timing is not everything in managing a portfolio, but it always counts and sometimes is the crucial variable” Michael Steinhardt
“As I was told years ago, “being too far ahead of your time is indistinguishable from being wrong.” Howard Marks
“In investing, you can be really right but temporarily quite wrong.” Jim Chanos
“Timing may not be everything, but it is a lot. What looks like the best long-term investment can be terrible if you buy at the wrong time. “ Roy Neuberger
“Being extremely early is tantamount to being wrong, so contrarians are well advised to develop an understanding of the psychology of the sellers.:” Seth Klarman
“There is a fine line between being early and being wrong” William Browne
“There is a very important difference between being a theoretical contrarian and dealing with it in practical terms. In order to win as a contrarian, you need the right timing and you have to put on a position in the appropriate size. If you do it too small, it’s not meaningful; if you do it too big, you can get wiped out if your timing is slightly off. The process requires courage, commitment and an understanding of your own psychology” Michael Steinhardt