All we need is just a little patience!
Time Arbitrage: The ability to invest on a longer time horizon than most other people is one of the most important advantages.
♦ Institutional investors are increasingly seeking low-volatility returns, and have resorted to investing in short-term "events" toachieve this.
♦ As a result, average holding periods have decreased to less than 2 years (ca. 18 months) today.
♦ This is great opportunity for long-term investors. If we're willing to look beyond the market's horizon of 18 months, we can receive the value of future positive developments for free (oh wow = a "FREE" lunch? well; Patience is precious).