If you can predict where the market's going, just do what you can predict. If you can't, which is the presumption of dollar cost averaging or time cost averaging, either one, then you're trying to ease in. But if the market rises more than it falls most of the time, easing in is, by definition, a loser's game.

Kenneth Fisher

Cost Definition Dollar Ease Either Falls Game Going Just Loser Market More Most Predict Presumption Rises Than Then Time Trying Where Which You

Related Quotes

People do dollar cost averaging because they have regret of making one big mistake. But the fact of the matter is that, mathematically, the market rises more of the time than it falls. It falls, but it rises more of the time than it falls.

— Kenneth Fisher

BecauseBigBig Mistake

Trying to predict the future is a loser's game.

FutureGameLoser

China's stock market is inextricably tied to politics.

— Kenneth Fisher

ChinaMarketPolitics

Ability hits the mark where presumption overshoots and diffidence falls short.

AbilityFallsHits

I'm sometimes accused of being hostile to mutual funds. That's not fair, really. There is a place for them. Still, I am hostile to one thing, which is trying to use funds to time your way in and out of the market. That's a recipe for very bad results.

— Kenneth Fisher