The Marine Corps has a saying that goes something like this – it’s more important to make a decision at the right time than it is to make the right decision. The reason for this is simply that the pace of military operations requires decisions to be made quickly despite uncertainty. Delaying, even for what seems like a good reason, is more problematic than making an incorrect decision. Investing decisions are also more sensitive to time than to being right or wrong. In other words, it’s better to be in a bull market than to miss it because you couldn’t make a decision on where to invest.
