In 1872 George Tritch documented a strategy for when to Buy and Sell stocks over the next 200 years.
While Buy and Hold performed better, it is pretty impressive that a strategy documented almost 150 years ago had a 91% hit rate.
The strategy also identified the (near) peaks of major crashes including 1929, 1999, 2007 and 2020.
Two key learnings:
1. Buy and Holding (while boring) is a fantastic strategy
2. Market cycles are repetitive. While the times, technology, markets and oversight have changed massively in 150 years; market cycles haven’t.
Human nature never changes.
While Buy and Hold performed better, it is pretty impressive that a strategy documented almost 150 years ago had a 91% hit rate.
The strategy also identified the (near) peaks of major crashes including 1929, 1999, 2007 and 2020.
Two key learnings:
1. Buy and Holding (while boring) is a fantastic strategy
2. Market cycles are repetitive. While the times, technology, markets and oversight have changed massively in 150 years; market cycles haven’t.
Human nature never changes.