Investing at a Market Peak
“Buy low, sell high.”
That’s the well-known, traditional advice about the stock market.
But consider this advice from the legendary investor Warren Buffett: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”
If you’re like me, you have terrible luck. What if you buy high? Well…you could take Buffett’s advice, hanging on instead of selling.
If you do that, how has that strategy fared in the past?
I have data going back to 1928, so I investigated. And here’s what I found.
