The sharemarket is at an interesting juncture. When the two largest economies – the United States and China – are injecting stimulus, I’d rather not look a gift horse in the mouth.
There are two elements to being right or wrong about investment markets: predicting the correct direction and getting the timing right.
Most of the time market commentators seem to forget the second part and claim success if they achieve the first. The problem is that being wrong comes with an opportunity cost.
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Jun Bei Liu is the founder and lead portfolio manager at Ten Cap. She formerly worked for Tribeca Investment Partners.
