Quote of the day by David Swensen: "The underlying driving force behind market timing decisions seems to be emotional — fear, greed, chasing performance — buying something after it has gone up, disappointment, and sales after something has declined."

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David Swensen emphasizes that emotional biases, such as fear, greed, and performance chasing, often drive poor market timing decisions. Investors should rely on disciplined, long-term strategies and focus on controlling their responses rather than predicting market movements.