Value Investing

Time Arb

spending all your time on what’s more knowable – the same immediate horizon that occupies everyone else.  If you fall into the trap, competing with all the other investors concentrating on these short term events, it is impossible to outperform the market.  You have to escape to a longer term horizon”  Ralph Wanger

Time Horizon Arbitrage …. If there is a free lunch on Wall Street, we feel it is the time horizon perspective”  Christopher Begg

“You have to extend your time horizon if you want any chance of doing well.  The competition in the space really thins out.  You have an opportunity to arbitrage time over others” William Browne