“Commodities are for Crafty not Crazy Investors” — “First, contrary to all the real experts, I can’t predict the future of the economy and financial markets with any degree of certainty. I especially can’t time anything that would make sense on which? to base trading decisions. Equally I can’t compete with the smart guys, the institutions with all their specialized people, formulas, software and money to do everything top drawer.
“Nor can I beat them to the trigger or the exits. So attempts to time the market, alter my portfolio balance between sectors, investment vehicles and geographic regions is pretty much hopeless for me. I therefore do not trade, rather I attempt to invest.”
By? Dudley P. Baker