Financial theorist William Bernstein once said, “Investment wisdom begins with the realization that long-term results are the only ones that matter.” Yet, while markets produce relatively consistent returns over the long run, their short-term volatility constantly works to sabotage the best attempts of investors to think that way.
 
Replacing common market myths with historical truth helps cultivate the patience and discipline required to become a successful and wise long-term investor.

Meet Bob. Bob is the world’s worst market timer. What follows is Bob’s tale of terrible market timing purchases in the stock market.

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