Timing alone is not enough - Mary Holm

l to Alan Bond for $1 billion, he said quietly he would buy it back for one quarter of his selling price; he did a couple of years later off the receiver.

Another example is a hard-working farmer I knew who went share farming in Perth’s wheat belt, only to find his first crop came in the worst drought in history. He never recovered from that failed crop.

No amount of skill or hard work could save him. You may say he had bad luck, I say he had bad timing.

To succeed in business, you need a timing expert to tell you when to start up, when to downsize and when to expand. Buying shares is similar. Timing is everything.

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