The Only Free Lunch In Investing

You've probably heard or read about all kinds of strategies that will make you rich investing. They go by many names, but they all follow the same basic idea: Zigging when others zag. It might be buying sectors at certain points of the business cycle. Or stocks that have been bid down to unusual lows. Or only owning stocks ahead of elections, when Congress is out of session or the moon is full. Yet any kind of market timing or stock selection strategy depends on the same basic mechanism to wor...