“Investors are lousy market-timers”
The decisions mutual fund investors make are vastly more important to their long-term success than any individual fund performance, reports U.S.-based research firm Dalbar Inc.
Every year, Dalbar releases its quantitative analysis of inves-tor behaviour, showing the results of its examination of investor behaviour going back to 1987.
Powers, Gordon, "“Investors are lousy market-timers”" (2008). In the News. 635.