--- title: "Meaning & Key Takeaway of: These results add up to perhaps the most…" description: "\"These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns i..." image: "https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg" --- # These results add up to perhaps the most important… ![“These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your…” quote by Mark Hulbert](https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg) [Download](https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg) [Open image](https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg) > “These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.” Mark Hulbert ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Predicting market turns reliably is nearly impossible; strategies relying on timing are likely to fail. **In simple terms:** Market timing is unreliable. Key Takeaway Avoid timing, focus on fundamentals. Themes investment risk strategy Mood cautious realistic Type advisory analytical When to use this quote - portfolio construction - long‑term investing - risk management Key Concepts probability behavioral finance efficiency Questions to Reflect On - How can you design a strategy that doesn't depend on market timing? - What alternative signals can guide investment decisions? A Different Perspective Even with data, randomness limits predictability. ★ ★ ★ ★ ★ No ratings yet [Chance](https://sms4smile.com/quotes/about/chance/) [Customer](https://sms4smile.com/quotes/about/customer/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Lessons](https://sms4smile.com/quotes/about/lessons/) [Strategy](https://sms4smile.com/quotes/about/strategy/) [Turning points](https://sms4smile.com/quotes/about/turning-points/) [Week](https://sms4smile.com/quotes/about/week/) ## Related quotes > [“Your money habits and investment strategy is not all about what you do, but much about who you are. Become the person it takes…](https://sms4smile.com/quotes/amah-lambert/your-money-habits-and-investment-strategy-is-not-all-about-what-you/) [Amah Lambert](https://sms4smile.com/quotes/author/amah-lambert/) > [“Wise Investing series is a collection of stories and analogies designed to demonstrate that the winning investment strategy is a simple, elegant,”](https://sms4smile.com/quotes/larry-swedroe/wise-investing-series-is-a-collection-of-stories-and-analogies-2/) [Larry Swedroe](https://sms4smile.com/quotes/author/larry-swedroe/) > [“There is probably no worse investment strategy than following the conventional wisdom with a time-lag, and that is precisely what many small investors do…](https://sms4smile.com/quotes/john-kay/there-is-probably-no-worse-investment-strategy-than-following-the/) [John Kay](https://sms4smile.com/quotes/author/john-kay/) > [Buy into good, well-researched companies and then wait. Let's call it a sit-on-your-hands investment strategy.](https://sms4smile.com/quotes/kenneth-fisher/buy-into-good-well-researched-companies-and-then-wait-let-s-call-it-a/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [“The idea to invest in the right product in the right time is a conscious investment strategy.”](https://sms4smile.com/quotes/r-k-mohapatra/the-idea-to-invest-in-the-right-product-in-the-right-time-is-a/) R.K. Mohapatra > [“When thinking about risk, rather than making things unnecessarily complicated, there are really two main things you should want to know about an investment…](https://sms4smile.com/quotes/joel-greenblatt/when-thinking-about-risk-rather-than-making-things-unnecessarily/) [Joel Greenblatt](https://sms4smile.com/quotes/author/joel-greenblatt/) > [Once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling.](https://sms4smile.com/quotes/seth-klarman/once-you-adopt-a-value-investment-strategy-any-other-investment/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [My investment strategy, which is to focus on sectors that are a national priority for India, hasn't changed.](https://sms4smile.com/quotes/gautam-adani/my-investment-strategy-which-is-to-focus-on-sectors-that-are-a/) [Gautam Adani](https://sms4smile.com/quotes/author/gautam-adani/) > [One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately…](https://sms4smile.com/quotes/seth-klarman/one-thing-i-want-to-emphasize-is-that-like-any-human-being-we-can/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [Occasionally we are asked whether it would make sense to modify our investment strategy to perform better in today's financial climate. Our answer, as…](https://sms4smile.com/quotes/seth-klarman/occasionally-we-are-asked-whether-it-would-make-sense-to-modify-our/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [“With small companies, my investment strategy is to be out of the stock in a year. My real estate strategy, on the other hand,…](https://sms4smile.com/quotes/robert-t-kiyosaki/with-small-companies-my-investment-strategy-is-to-be-out-of-the-stock/) [Robert T. Kiyosaki](https://sms4smile.com/quotes/author/robert-t-kiyosaki/) > [Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and…](https://sms4smile.com/quotes/michael-leboeuf/index-investing-is-an-investment-strategy-that-walter-mitty-would/) [Michael LeBoeuf](https://sms4smile.com/quotes/author/michael-leboeuf/) > [I'm not really good with predicting.](https://sms4smile.com/quotes/jimmy-johnson/i-m-not-really-good-with-predicting/) [Jimmy Johnson](https://sms4smile.com/quotes/author/jimmy-johnson/) > [Experts say this global warming is serious, and they are predicting now that by the year 2050, we will be out of party ice.](https://sms4smile.com/quotes/david-letterman/experts-say-this-global-warming-is-serious-and-they-are-predicting/) [David Letterman](https://sms4smile.com/quotes/author/david-letterman/) > [People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.](https://sms4smile.com/quotes/paul-krugman/people-who-are-complaining-about-the-fed-are-people-who-ve-been/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) ## More by Mark Hulbert > [Assuming that the future is like the past, you can outperform 80 percent of your fellow investors over the next several decades by investing…](https://sms4smile.com/quotes/mark-hulbert/assuming-that-the-future-is-like-the-past-you-can-outperform-80/) Mark Hulbert > [It is very hard, if not impossible," he wrote in his study, "to justify active management for most individual, taxable investors, if their goal…](https://sms4smile.com/quotes/mark-hulbert/it-is-very-hard-if-not-impossible-he-wrote-in-his-study-to-justify/) Mark Hulbert > [Index funds are the only rational alternative for almost all mutual fund investors.](https://sms4smile.com/quotes/mark-hulbert/index-funds-are-the-only-rational-alternative-for-almost-all-mutual/) Mark Hulbert Explore all 4 Mark Hulbert quotes ## More Add quotes > [Most marriages don't add two people together. They subtract one from the other.](https://sms4smile.com/quotes/ian-fleming/most-marriages-don-t-add-two-people-together-they-subtract-one-from/) [Ian Fleming](https://sms4smile.com/quotes/author/ian-fleming/) > [Friendship, "the wine of life," should, like a well-stocked cellar, be continually renewed; and it is consolatory to think, that although we can seldom…](https://sms4smile.com/quotes/james-boswell/friendship-the-wine-of-life-should-like-a-well-stocked-cellar-be/) [James Boswell](https://sms4smile.com/quotes/author/james-boswell/) > [Life as we know it is fundamentally unsatisfying. I think most folks feel this to be true. They know that a life of aimless…](https://sms4smile.com/quotes/michael-yates/life-as-we-know-it-is-fundamentally-unsatisfying-i-think-most-folks/) [Michael Yates](https://sms4smile.com/quotes/author/michael-yates/) > [Give me a platter of choice finnan haddie, freshly cooked in its bath of water and milk, add melted butter, a slice or two…](https://sms4smile.com/quotes/craig-claiborne/give-me-a-platter-of-choice-finnan-haddie-freshly-cooked-in-its-bath/) [Craig Claiborne](https://sms4smile.com/quotes/author/craig-claiborne/) > [Writing adds up to the conscience of our times.](https://sms4smile.com/quotes/martin-firrell/writing-adds-up-to-the-conscience-of-our-times/) [Martin Firrell](https://sms4smile.com/quotes/author/martin-firrell/) > [A 'modern' man has nothing to add to modernism, if only because he has nothing to oppose it with. The well-adapted drop off the…](https://sms4smile.com/quotes/elias-canetti/a-modern-man-has-nothing-to-add-to-modernism-if-only-because-he-has/) [Elias Canetti](https://sms4smile.com/quotes/author/elias-canetti/) > [Observation and theory get on best when they are mixed together, both helping one another in the pursuit of truth. It is a good…](https://sms4smile.com/quotes/arthur-eddington/observation-and-theory-get-on-best-when-they-are-mixed-together-both/) [Arthur Eddington](https://sms4smile.com/quotes/author/arthur-eddington/) > [I may add that we have more than once stated our willingness to conclude nonaggression pacts with the states neighboring our own!](https://sms4smile.com/quotes/adolf-hitler/i-may-add-that-we-have-more-than-once-stated-our-willingness-to/) [Adolf Hitler](https://sms4smile.com/quotes/author/adolf-hitler/) > [The American Constitution declares 'All men are born equal.' The British Socialist Party add: 'All men must be kept equal'.](https://sms4smile.com/quotes/winston-churchill/the-american-constitution-declares-all-men-are-born-equal-the-british/) [Winston Churchill](https://sms4smile.com/quotes/author/winston-churchill/) > [New generations of humans inherit the acquired discoveries of generations past, allowing cosmic insight to accumulate without limit. Each discovery of science therefore adds…](https://sms4smile.com/quotes/neil-degrasse-tyson/new-generations-of-humans-inherit-the-acquired-discoveries-of/) [Neil deGrasse Tyson](https://sms4smile.com/quotes/author/neil-degrasse-tyson/) > [Thirty days is just about the right amount of time to add a new habit or subtract a habit - like watching the news…](https://sms4smile.com/quotes/matt-cutts/thirty-days-is-just-about-the-right-amount-of-time-to-add-a-new-habit/) [Matt Cutts](https://sms4smile.com/quotes/author/matt-cutts/) > [In presenting a mathematical argument the great thing is to give the educated reader the chance to catch on at once to the momentary…](https://sms4smile.com/quotes/john-edensor-littlewood/in-presenting-a-mathematical-argument-the-great-thing-is-to-give-the/) [John Edensor Littlewood](https://sms4smile.com/quotes/author/john-edensor-littlewood/) > [The Greeks said grandly in their tragic phrase, 'Let no one be called happy till his death;' to which I would add, 'Let no…](https://sms4smile.com/quotes/elizabeth-barrett-browning/the-greeks-said-grandly-in-their-tragic-phrase-let-no-one-be-called/) [Elizabeth Barrett Browning](https://sms4smile.com/quotes/author/elizabeth-barrett-browning/) > [Mostly we just add to the piles of rainbow glass that's been blown off the exteriors of the cany-colored buildings.](https://sms4smile.com/quotes/suzanne-collins/mostly-we-just-add-to-the-piles-of-rainbow-glass-that-s-been-blown/) [Suzanne Collins](https://sms4smile.com/quotes/author/suzanne-collins/) > [Global is a unifying bond for people. Once they get outside their own heads and their own communities and see themselves in a broader…](https://sms4smile.com/quotes/kathy-calvin/global-is-a-unifying-bond-for-people-once-they-get-outside-their-own/) [Kathy Calvin](https://sms4smile.com/quotes/author/kathy-calvin/) Browse all 2,710 Add quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "These results add up to perhaps the most important investment lesson of all that can be drawn from this week's market anniversaries: Predicting turns in the market is incredibly difficult to do consistently well. That means that, if your investment strategy going forward is dependent on your anticipating major market turning points, your chances of success are extremely low.", "creator": { "@type": "Person", "name": "Mark Hulbert" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/mark-hulbert/these-results-add-up-to-perhaps-the-most-important-investment-lesson/", "about": { "@type": "Thing", "name": "Add" }, "@id": "https://sms4smile.com/quotes/mark-hulbert/these-results-add-up-to-perhaps-the-most-important-investment-lesson/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg", "contentUrl": "https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg", "url": "https://sms4smile.com/quotes/i/163/mark-hulbert-73032_add_these-results-add-up-to-perhaps-the-most_1974322.jpg", "width": 1080, "height": 1080, "caption": "“These results add up to perhaps the most important investment lesson of all that can be drawn from this…” — Mark Hulbert", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Mark Hulbert", "item": "https://sms4smile.com/quotes/author/mark-hulbert/" }, { "@type": "ListItem", "position": 4, "name": "These results add up to perhaps...", "item": "https://sms4smile.com/quotes/mark-hulbert/these-results-add-up-to-perhaps-the-most-important-investment-lesson/" } ], "@id": "https://sms4smile.com/quotes/mark-hulbert/these-results-add-up-to-perhaps-the-most-important-investment-lesson/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```