The great creator of the Vangaud Group John Bogle is correct in that it is hard to beat the market when trying to time the top and the bottom. But who does that. The passive industry wants to build a straw man and declare market timers and or active managers as incapable of beating a simple benchmark stock index. The fact is however active managers of adaptive non macro absolute return strategies beat the market all the time. On a scaled basis they beat nearly all the traders all the time.
To be a great investor you need to rely on systematic algorithmic approaches which remove the fear of investing by consistently utilizing unbiased decisions in all market conditions. These absolute return strategies are based on an ability to quantify the risk in terms understandable in dollar terms. Great decisions are made on price and not the story about the stock, commodity, or fixed income product.
