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| A ship in harbour is safe, but that is not what ships are built for." - John A Shedd. Phuket, Thailand. |
Equity markets have seasons, too, and "Sell in May and Go Away" is supposedly helpful, from a historical perspective, since May - November tends to have high volatility with some underperformance for the broader market. However, equities don't always know their history, and life goes on in the corporate world whether or not the retail investor is sitting on a Phuket beach in southern Thailand while sipping a Mai Tai cocktail (eg The Ignorant Investor in this case, where the above photo was taken by yours truly) or in a dusty cubical peering over six computer screens while chatting on Bloomberg Terminal. Investors can really miss out on some good runs if they do sell everything during those summer months!
Just put a sign on my desk "gone fishing" as The Intelligent Investor is checking out for a few weeks of R&R.
