Garden path?_其他_趣味英语-查字典英语网

Garden path?

And here are media examples:

1. Thank you for the May 13 cover story, “The market’s message.” Certainly the saddest statistic has to be the 22 percent of Americans who exited the market near the bottom, 87 percent of whom are still in cash today with the stock market hitting record highs – which brings me to your article’s focus: Is it a good time to enter the market?

The answer to the question of when the market is at a peak is this: The market peaks when individual investors capitulate and put their money, with zeal, into equities. As a 35-year investment professional it always disturbs me that equity mutual fund inflows (a measure of small investor activity) peak near the time the market does and, conversely, redemptions peak near market bottoms (i.e., buying high and selling low) – defining tragic performance for the small investor time and again.

The remedy is in becoming a true investor – a concept that seems lost today with high-frequency trading, the proliferation of derivatives and options, leveraged and deleveraged exchange-traded funds, and short-long strategies, to name a few. The small investor is led down the garden path of attempting to grow riches from a mix of potent investment vehicles and propitious timing. It doesn’t work that way.

Families build wealth through disciplined, consistent saving and investing. The billionaire investor Warren Buffett gives us three famous quotes on this subject. “Our favorite holding period is forever.” “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” “We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’”