So many decisions, so little guidance. It is our observation that few, if
any, of the popular portfolio management methods seem to hold up over a
long period of time.
Market timing, in particular, is acknowledged to be extremely difficult
and those that seem to be good at it may be just lucky, and usually for
only a short period of time.
We have never considered ourselves to be lucky and certainly would not feel
comfortable promoting an investment strategy based on the "dart board"
or the craps table.
