Imagined Market Timing Expertise

                 

In-and-out traders always feel they can get out of stocks at highs and in at lows because of their gut feelings or imagined expertise.

                                       

There are many reasons why they’re wrong and statistics attest to them. One example is how companies who buy back their own stock in the open market generally do a poor job at the procedure, buying at highs. And they have the benefit of genuine, legal inside information. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)