Nathan Rothschild gave good investment advice in 1810 when he said “buy on the cannons, sell on trumpets.”  This is often re-stated as “sell on the rumors of war, buy when you hear the cannons fire.”

The notion is that an investor should actively “time” the market by selling early and buying back early.  In today’s situation, an investor would be wise to invest any remaining cash as soon as the Russians invade Ukraine.

But, what happens if the Russians don’t invade and peace breaks out?

Warren Buffet likes to buy good stocks and hold them forever.  I agree!