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Quotation
The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After 50 years in this business, I do not know of anyone who has done it successfully and consistenly. I don’t even know anyone who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by  mutual fund investors and the professionnal managers of portfolios alike. John Bogle. |
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