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It depends what you are measuring

I have a good article on this point

The longer the time frame ( 10 20 40 years )
Returns converge to the average

Think of a funnel narrowing as time passes

However what converges are returns measured has a % per annum

From this perspective entry is unimportant..

But even Buffet says that it is price paid that determines your return
and makes the difference..

The amount of $$ you have at the end of the time period
is like a funnel with it's open end expanding as time passes
returns measured as $$ diverge depending on the amount of trend captured
( better entry, better exit )

what looks like a small edge in % terms when stated has a % per annum

When compounded over time will mean many many more Dollars held

When investing the price paid determines the return ( and is again where you have 100% control ) ( Buffet puts it as waiting for the perfect pitch )

With trading entries matter, because a small edge is what makes the difference.
At the end of the day better entries and exits will make all those extra dollars..

motorway

<blockquote data-quote="motorway" data-source="post: 163348" data-attributes="member: 7360">It depends what you are measuringI have a good article on this pointThe longer the time frame ( 10 20 40 years ) Returns converge to the averageThink of a funnel narrowing as time passesHowever what converges are returns measured has a % per annumFrom this perspective entry is unimportant..But even Buffet says that it is price paid that determines your returnand makes the difference..The amount of $$ you have at the end of the time period is like a funnel with it&#039;s open end expanding as time passesreturns measured as $$ diverge depending on the amount of trend captured( better entry, better exit )what looks like a small edge in % terms when stated has a % per annumWhen compounded over time will mean many many more Dollars heldWhen investing the price paid determines the return ( and is again where you have 100% control ) ( Buffet puts it as waiting for the perfect pitch )With trading entries matter, because a small edge is what makes the difference.At the end of the day better entries and exits will make all those extra dollars..motorway</blockquote>

[QUOTE="motorway, post: 163348, member: 7360"] It depends what you are measuring I have a good article on this point The longer the time frame ( 10 20 40 years ) Returns converge to the average Think of a funnel narrowing as time passes However what converges are returns measured has a % per annum From this perspective entry is unimportant.. But even Buffet says that it is price paid that determines your return and makes the difference.. The amount of $$ you have at the end of the time period is like a funnel with it's open end expanding as time passes returns measured as $$ diverge depending on the amount of trend captured ( better entry, better exit ) what looks like a small edge in % terms when stated has a % per annum When compounded over time will mean many many more Dollars held When investing the price paid determines the return ( and is again where you have 100% control ) ( Buffet puts it as waiting for the perfect pitch ) With trading entries matter, because a small edge is what makes the difference. At the end of the day better entries and exits will make all those extra dollars.. motorway [/QUOTE]

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