Quote:
Originally Posted by Peter_Spaeth
I didn't limit my statement to hedge funds. There are tons of mutual funds that are not hedge funds.
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I did not mean to misquote you. I really can't speak to the internal management of either mutual funds or hedge funds knowledgeably. I can't fathom a firm would pay a fund manager to say "the market is high right now, don't buy. Hold cash for the next work economy and buy then" and not do any work all year.
That doesn't make it bad though. There is a 0% chance I can outperform my current strategy by buying during market highs instead of waiting for the cyclic falls, which the basic charts tell us all are or are not happening.