Can Market Timing Work? What The Experts Say

Nobel laureate Robert Merton called market timing a “fool’s errand.” Paul Samuelson characterized the trading strategy as “self-confidence bordering on hubris and self-deception.” But in the September 28 issue of FORBES we profile Blair Hull, a mathematician who used $25,000 in winnings from Las Vegas blackjack tables in the 1970s to launch a legendary trading career and now believes he’s perfected a market timing strategy that can work in the portfolios of retirement investors and institutions.