Follow Us!

On Bloomberg

  • Access our posts on your Bloomberg terminal: NH BLG_TICKER_SENSE


Newsletter Portfolio Performance

Birinyi Mailing List

  • Stay in the loop:
    Subscribe to Birinyi's free mailing list

Online Brokers


  • Subscribe in NewsGator Online
  • Add to My Yahoo!

« Putting Things In Perspective | Main | 2% Days »


Yes, a timer will miss out on the strongest up days because they usually occur after the strongest down days; a good timer will not get fatally whipsawed by the markets. But your conclusion that you will end up with the same amount of money as buy&hold is rather cavalier. If a timer can hold his draw-down in a bear market to say –20%, while the B&H investor takes a –35% hit, the timer has a much better shot of recovering quicker than the B&H.

Risk management is the key, and most B&H investors are pretty lousy at controlling risk (see Janus funds, Putnam funds, et al in the early 2000s).

The comments to this entry are closed.

Blogger Sentiment

  • The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2015 Ticker Sense Blogger Sentiment Poll

About Us

Birinyi In the News

About Ticker Sense

  • Ticker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.